18 W 8th AveGloversvilleNY12078
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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 18 W 8th Ave, Gloversville, NY, 12078 earns $581/mo cash flow from $1,709/mo rent with a $827/mo payment. Total monthly income totals $1,709/mo, and annual cash flow totals $6,967/yr on $56,024 capital. ROI tracks 32.35% on current figures, and rental yield reads 12.13% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 170.21% and total cumulative return in cash sums $95,359. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,709/mo property income instead of your personal income.
Multi Family
Built in 1925
6,400 sqft 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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Listed by: Joelle Bluvas • JUDITH ANN REALTY INC
Mls Name: NY State MLS
Mls ID: #11628531