18 Richland DriveGlenvilleNY12302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Glenville at 18 Richland Drive, Glenville, NY, 12302 priced at $338,500 converts $2,852/mo rent into $591/mo cash flow after a $1,657/mo obligation. Total monthly income equals $2,852/mo, and annual cash flow totals $7,096/yr on $112,213 invested. Return on cash invested prints 26.23% in year one, and rental yield reads 10.11% against a $338,500 entry. Equity gained on principal adds $2,184/yr, while 5% annual appreciation compiles into $93,521 by year five. Five-year ROI reaches 137.42% and total cumulative return in cash sums $154,203. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,852/mo property income covering a $1,657/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12302, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 8,698 (68.5%) |
| Renter Occupied HU | 3,062 (24.1%) |
| Vacant Housing Units | 931 ( 7.3%) |
| Median Home Value | $271,870 |
| Average Home Value | $311,678 |
Housing Distribution
Address Breakdown
Residential
12,116
Single Family
10,636
Multi-Family
1,480
Businesses
606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Hunter • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202529096
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker