12 Loralee DriveAlbanyNY12205
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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 Albany at 12 Loralee Drive, Albany, NY, 12205 generates $1,559/mo in rent and, after a $1,125/mo payment, leaves $24/mo in cash flow. Total monthly income is $1,559/mo, and annual cash flow is $288/yr on $76,212 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 8.14% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash sums $80,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,559/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12205, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,405 (100%) |
| Owner Occupied HU | 8,074 (65.1%) |
| Renter Occupied HU | 3,698 (29.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $282,793 |
| Average Home Value | $315,310 |
Housing Distribution
Address Breakdown
Residential
12,022
Single Family
10,661
Multi-Family
1,361
Businesses
2,392
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