193 Spring StreetGloversvilleNY12078
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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 Gloversville at 193 Spring Street, Gloversville, NY, 12078 priced at $130,000 converts $1,385/mo rent into $517/mo cash flow after a $636/mo obligation. Total monthly income equals $1,385/mo, and annual cash flow totals $6,206/yr on $43,095 invested. Return on cash invested prints 34.31% in year one, and rental yield reads 12.78% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 180.81% and total cumulative return in cash sums $77,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,385/mo property income covering a $636/mo payment, not borrower’s personal income.
Multi Family
Built in 1935
8,712 sqft 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
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Listed by: Angela Gonyo • Wolf River Real Estate, LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202513989
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