138 2nd AvenueGloversvilleNY12078
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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 Gloversville at 138 2nd Avenue, Gloversville, NY, 12078 listed at $220,000 pairs $1,518/mo rent with a $1,077/mo payment to leave $49/mo cash flow. Total monthly income runs $1,518/mo, and annual cash flow reaches $584/yr on $72,930 cash to close. Return on cash invested measures 20.71% in year one, and rental yield registers 8.28% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 107.79% and total cumulative return in cash totals $78,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,518/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
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Listed by: Shianne Hopkins • Krutz Properties, LLC
Mls Name: Global MLS
Mls ID: #202525474