184 Elm StreetAlbanyNY12202
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 184 Elm Street, Albany, NY, 12202 in Albany offers a clean, manageable entry. Rental yield 7.96%. DSCR 1.48 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $104,987 in additional property value over five years, with $3,500/yr in principal equity building ownership stake. Total projected cumulative return: $143,850.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $(16) | $850 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,521 |
| Total Monthly Debt Service | $2,386 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1871
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12202, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 1,027 (19.6%) |
| Renter Occupied HU | 3,599 (68.6%) |
| Vacant Housing Units | 620 (11.8%) |
| Median Home Value | $149,237 |
| Average Home Value | $190,342 |
Housing Distribution
Address Breakdown
Residential
4,508
Single Family
3,389
Multi-Family
1,119
Businesses
262
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
Single Family
Built in 1871
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12202, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 1,027 (19.6%) |
| Renter Occupied HU | 3,599 (68.6%) |
| Vacant Housing Units | 620 (11.8%) |
| Median Home Value | $149,237 |
| Average Home Value | $190,342 |
Housing Distribution
Address Breakdown
Residential
4,508
Single Family
3,389
Multi-Family
1,119
Businesses
262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices