1 Myrtle AvenueAlbanyNY12202
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1 Myrtle Avenue, Albany, NY, 12202 in Albany at $280,000 earns $2,028/mo in rent and nets $158/mo after the $1,259/mo payment, a 8.69% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $77,359 over five years. Ziffy Mortgage underwrites this on a 1.61 DSCR without U.S. credit history. With $2,579/yr in principal paydown, total projected return reaches $116,953.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $158 | $850 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,028 |
| Total Monthly Debt Service | $1,758 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1860
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12202, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 1,027 (19.6%) |
| Renter Occupied HU | 3,599 (68.6%) |
| Vacant Housing Units | 620 (11.8%) |
| Median Home Value | $149,237 |
| Average Home Value | $190,342 |
Housing Distribution
Address Breakdown
Residential
4,508
Single Family
3,389
Multi-Family
1,119
Businesses
262
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
Multi Family
Built in 1860
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12202, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 1,027 (19.6%) |
| Renter Occupied HU | 3,599 (68.6%) |
| Vacant Housing Units | 620 (11.8%) |
| Median Home Value | $149,237 |
| Average Home Value | $190,342 |
Housing Distribution
Address Breakdown
Residential
4,508
Single Family
3,389
Multi-Family
1,119
Businesses
262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices