10 2nd AvenueGloversvilleNY12078
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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
Rental property for sale in Gloversville at 10 2nd Avenue, Gloversville, NY, 12078 priced at $224,900 converts $1,614/mo rent into $112/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,614/mo, and annual cash flow totals $1,343/yr on $74,554 invested. Return on cash invested prints 21.71% in year one, and rental yield reads 8.61% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 113.12% and total cumulative return in cash sums $84,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,614/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
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Listed by: Christine A Gerber • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls ID: #202610520