11 Chestnut StreetSouth Glens FallsNY12803
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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
Rental property for sale in South Glens Falls at 11 Chestnut Street, South Glens Falls, NY, 12803 generates $3,203/mo in rent and, after a $1,248/mo payment, leaves $1,500/mo in cash flow. Total monthly income is $3,203/mo, and annual cash flow is $18,005/yr on $84,499 invested. Return on cash invested sits at 41.22% in year one, and rental yield is 15.08% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 217.78% and total cumulative return in cash sums $184,020. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,203/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12803, South Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 2,697 (58.4%) |
| Renter Occupied HU | 1,631 (35.3%) |
| Vacant Housing Units | 287 ( 6.2%) |
| Median Home Value | $228,997 |
| Average Home Value | $289,405 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
4,132
Multi-Family
193
Businesses
222
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Listed by: Krista LeMay • Howard Hanna
Mls Name: Global MLS
Mls Provider:
Mls ID: #202419149
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker