188 Tampa AvenueAlbanyNY12208
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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
Rental property for sale in Albany at 188 Tampa Avenue, Albany, NY, 12208 generates $2,589/mo in rent and, after a $1,222/mo payment, leaves $922/mo in cash flow. Total monthly income is $2,589/mo, and annual cash flow is $11,060/yr on $82,776 invested. Return on cash invested sits at 33.27% in year one, and rental yield is 12.44% on a $249,700 entry. Equity gained on principal adds $1,611/yr, while 5% annual appreciation builds toward $68,988 over five years. Five-year ROI reaches 175.14% and total cumulative return in cash sums $144,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,589/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12208, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,175 (38.1%) |
| Renter Occupied HU | 5,550 (50.6%) |
| Vacant Housing Units | 1,238 (11.3%) |
| Median Home Value | $269,651 |
| Average Home Value | $313,159 |
Housing Distribution
Address Breakdown
Residential
10,053
Single Family
7,877
Multi-Family
2,176
Businesses
404
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