1498 2nd StreetRensselaerNY12144
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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 Rensselaer at 1498 2nd Street, Rensselaer, NY, 12144 offers a 9.58% rental yield on a $175,000 purchase with $1,397/mo rent. Total monthly income registers $1,397/mo, and a $857/mo payment leaves $228/mo available for distribution. Annual cash flow reaches $2,735/yr on $58,013 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 128.78% and total cumulative return in cash at $74,707. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,397/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12144, Rensselaer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 5,496 (53.7%) |
| Renter Occupied HU | 3,993 (39.0%) |
| Vacant Housing Units | 740 ( 7.2%) |
| Median Home Value | $271,764 |
| Average Home Value | $287,042 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,324
Multi-Family
1,311
Businesses
572
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Listed by: Kelly L Sharifipour • Darby Real Estate of New York Inc
Mls Name: Global MLS
Mls ID: #202524390