183 Main StreetSouth Glens FallsNY12803
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
Investment property for sale in South Glens Falls at 183 Main Street, South Glens Falls, NY, 12803 at $159,000 posts ROI 33.12% with $580/mo cash flow from $1,642/mo rent. Total monthly income equals $1,642/mo, and annual cash flow records $6,965/yr on $52,709 to close. Return on cash invested measures 33.12% and rental yield reads 12.39% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 174.39% and total cumulative return in cash totals $91,920.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,642/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12803, South Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 2,697 (58.4%) |
| Renter Occupied HU | 1,631 (35.3%) |
| Vacant Housing Units | 287 ( 6.2%) |
| Median Home Value | $228,997 |
| Average Home Value | $289,405 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
4,132
Multi-Family
193
Businesses
222
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Listed by: Lisa Grassi Bender • Hunt ERA
Mls Name: Global MLS
Mls ID: #202521564