12 Spruce 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 12 Spruce Street, South Glens Falls, NY, 12803 priced at $325,000 pairs $2,253/mo rent with $82/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,253/mo, and annual cash flow comes to $989/yr on $107,738 invested. Return on cash invested is 20.83% in year one, and rental yield stands at 8.32% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 108.42% and total cumulative return in cash reaches $116,809. For financing, Ziffy Mortgage’s DSCR program evaluates $2,253/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.34 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: Julie A Snyder • Howard Hanna
Mls Name: Global MLS
Mls ID: #202520351