1 Magnolia TerraceAlbanyNY12209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Albany at 1 Magnolia Terrace, Albany, NY, 12209 uses $97,793 cash to close to unlock $2,255/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $2,158/mo, and a $1,444/mo payment keeps the spread at $188/mo. Purchase price stands at $295,000, and rental yield measures 8.78% with $2,158/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 115.85% and total cumulative return in cash records $113,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,158/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12209, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,879 (100%) |
| Owner Occupied HU | 2,479 (50.8%) |
| Renter Occupied HU | 2,001 (41.0%) |
| Vacant Housing Units | 399 ( 8.2%) |
| Median Home Value | $206,556 |
| Average Home Value | $263,270 |
Housing Distribution
Address Breakdown
Residential
4,234
Single Family
4,088
Multi-Family
146
Businesses
133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices