148 Lancaster Street #7AlbanyNY12210
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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 Albany at 148 Lancaster Street #7, Albany, NY, 12210 generates $1,642/mo in rent and, after a $803/mo payment, leaves $547/mo in cash flow. Total monthly income is $1,642/mo, and annual cash flow is $6,558/yr on $54,366 invested. Return on cash invested sits at 31.97% in year one, and rental yield is 12.01% on a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 168.21% and total cumulative return in cash sums $91,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,642/mo property income rather than buyer’s personal income.
Condo
Built in 1877
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12210, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,472 (100%) |
| Owner Occupied HU | 975 (15.1%) |
| Renter Occupied HU | 4,547 (70.3%) |
| Vacant Housing Units | 950 (14.7%) |
| Median Home Value | $274,846 |
| Average Home Value | $306,108 |
Housing Distribution
Address Breakdown
Residential
5,448
Single Family
3,336
Multi-Family
2,112
Businesses
512
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