1000-1002 3rd StRensselaerNY12144
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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 Rensselaer at 1000-1002 3rd St, Rensselaer, NY, 12144 uses $56,355 cash to close to unlock $9,802/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $1,952/mo, and a $832/mo payment keeps the spread at $817/mo. Purchase price stands at $170,000, and rental yield measures 13.78% with $1,952/mo rent. Return on cash invested shows 37.3% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 196.75% and total cumulative return in cash records $110,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,952/mo property income covering a $832/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
2,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12144, Rensselaer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 5,496 (53.7%) |
| Renter Occupied HU | 3,993 (39.0%) |
| Vacant Housing Units | 740 ( 7.2%) |
| Median Home Value | $271,764 |
| Average Home Value | $287,042 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,324
Multi-Family
1,311
Businesses
572
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