186 Main StreetSouth Glens FallsNY12803
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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 South Glens Falls at 186 Main Street, South Glens Falls, NY, 12803 with 5% annual appreciation on a $285,000 basis while $2,011/mo rent supports operations. Total monthly income totals $2,011/mo and a $1,395/mo payment preserves $108/mo for cash returns. Annual cash flow comes to $1,293/yr on $94,478 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $1,839/yr, and five-year appreciation sums $78,740 alongside rental yield of 8.47%. Five-year ROI measures 110.83% and total cumulative return in cash totals $104,706.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,011/mo property income versus a $1,395/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1910
0.29 Acres 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: Mary D Gibson • eXp Realty
Mls Name: Global MLS
Mls ID: #202525835