17 N Park DrGloversvilleNY12078
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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 17 N Park Dr, Gloversville, NY, 12078 with 5% annual appreciation on a $287,625 basis while $2,989/mo rent supports operations. Total monthly income totals $2,989/mo and a $1,408/mo payment preserves $1,068/mo for cash returns. Annual cash flow comes to $12,817/yr on $95,348 deployed, and return on cash invested reaches 33.35% in year one. Equity gained on principal adds $1,856/yr, and five-year appreciation sums $79,465 alongside rental yield of 12.47%. Five-year ROI measures 175.62% and total cumulative return in cash totals $167,451.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,989/mo property income versus a $1,408/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
0.27 Acres 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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