120 Grove AvenueAlbanyNY12208
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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 120 Grove Avenue, Albany, NY, 12208 with 5% annual appreciation on a $180,000 basis while $2,633/mo rent supports operations. Total monthly income totals $2,633/mo and a $881/mo payment preserves $1,431/mo for cash returns. Annual cash flow comes to $17,172/yr on $59,670 deployed, and return on cash invested reaches 48.69% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 17.55%. Five-year ROI measures 257.79% and total cumulative return in cash totals $153,821.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,633/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12208, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,175 (38.1%) |
| Renter Occupied HU | 5,550 (50.6%) |
| Vacant Housing Units | 1,238 (11.3%) |
| Median Home Value | $269,651 |
| Average Home Value | $313,159 |
Housing Distribution
Address Breakdown
Residential
10,053
Single Family
7,877
Multi-Family
2,176
Businesses
404
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Listed by: Brian J Ward • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls Provider:
Mls ID: #202519310
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