189 2nd AvenueGloversvilleNY12078
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
Rental property for sale in Gloversville at 189 2nd Avenue, Gloversville, NY, 12078 priced at $210,000 converts $2,400/mo rent into $998/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $11,970/yr on $69,615 invested. Return on cash invested prints 37.1% in year one, and rental yield reads 13.71% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 195.72% and total cumulative return in cash sums $136,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Multi Family
Built in 1935
0.40 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colleen M Ioele-DeCristofaro • Gateway Realty Solutions
Mls Name: Global MLS
Mls Provider:
Mls ID: #202517549
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker