101 3rd AvenueAlbanyNY12202
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 101 3rd Avenue, Albany, NY, 12202 uses $62,952 cash to close to unlock $10,540/yr annual cash flow and $878/mo monthly cash flow. Total monthly income runs $2,146/mo, and a $929/mo payment keeps the spread at $878/mo. Purchase price stands at $189,900, and rental yield measures 13.56% with $2,146/mo rent. Return on cash invested shows 36.65% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 193.32% and total cumulative return in cash records $121,697. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,146/mo property income covering a $929/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
2,613 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