128 Hamilton StreetAlbanyNY12207
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 128 Hamilton Street, Albany, NY, 12207 in Albany: $3,230/mo in rent, $1,060/mo net, 11.93% gross yield, all on a $325,000 acquisition. The 2.21 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $89,792 in value, and $2,993/yr in principal paydown steadily builds equity. Projected total cumulative return: $192,162.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.2% |
| Monthly Cash Flow | $1,060 | $850 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,230 |
| Total Monthly Debt Service | $2,041 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1858
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12207, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 114 ( 4.9%) |
| Renter Occupied HU | 1,809 (77.7%) |
| Vacant Housing Units | 405 (17.4%) |
| Median Home Value | $262,500 |
| Average Home Value | $247,697 |
Housing Distribution
Address Breakdown
Residential
1,786
Single Family
411
Multi-Family
1,375
Businesses
903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1858
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12207, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 114 ( 4.9%) |
| Renter Occupied HU | 1,809 (77.7%) |
| Vacant Housing Units | 405 (17.4%) |
| Median Home Value | $262,500 |
| Average Home Value | $247,697 |
Housing Distribution
Address Breakdown
Residential
1,786
Single Family
411
Multi-Family
1,375
Businesses
903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices