150 Lancaster StreetCohoesNY12047
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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 Cohoes at 150 Lancaster Street, Cohoes, NY, 12047 uses $74,588 cash to close to unlock $7,341/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $2,114/mo, and a $1,101/mo payment keeps the spread at $612/mo. Purchase price stands at $225,000, and rental yield measures 11.27% with $2,114/mo rent. Return on cash invested shows 29.75% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 156.28% and total cumulative return in cash records $116,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,114/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12047, Cohoes, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,243 (100%) |
| Owner Occupied HU | 4,698 (38.4%) |
| Renter Occupied HU | 6,301 (51.5%) |
| Vacant Housing Units | 1,244 (10.2%) |
| Median Home Value | $268,929 |
| Average Home Value | $327,651 |
Housing Distribution
Address Breakdown
Residential
10,561
Single Family
9,799
Multi-Family
762
Businesses
449
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