12 South StreetAlbanyNY12204
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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 Albany at 12 South Street, Albany, NY, 12204 with 5% annual appreciation on a $199,900 basis while $1,970/mo rent supports operations. Total monthly income totals $1,970/mo and a $978/mo payment preserves $636/mo for cash returns. Annual cash flow comes to $7,626/yr on $66,267 deployed, and return on cash invested reaches 31.42% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 11.83%. Five-year ROI measures 165.22% and total cumulative return in cash totals $109,489.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,970/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1848
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12204, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 1,515 (33.5%) |
| Renter Occupied HU | 2,591 (57.3%) |
| Vacant Housing Units | 417 ( 9.2%) |
| Median Home Value | $343,095 |
| Average Home Value | $377,229 |
Housing Distribution
Address Breakdown
Residential
3,773
Single Family
1,646
Multi-Family
2,127
Businesses
373
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