12 Iris AvenueSouth 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
Investment property for sale in South Glens Falls at 12 Iris Avenue, South Glens Falls, NY, 12803 offers a 8.88% rental yield on a $485,000 purchase with $3,588/mo rent. Total monthly income registers $3,588/mo, and a $2,374/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,189/yr on $160,778 to close, and return on cash invested stands at 22.51% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 117.48% and total cumulative return in cash at $188,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,588/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.70 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: Jason D Wynn • Venture Fox Realty Group LLC
Mls Name: Global MLS
Mls ID: #202526600