2 24th StreetTroyNY12180
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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 Troy at 2 24th Street, Troy, NY, 12180 priced at $385,000 converts $3,430/mo rent into $859/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,430/mo, and annual cash flow totals $10,313/yr on $127,628 invested. Return on cash invested prints 27.99% in year one, and rental yield reads 10.69% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 146.83% and total cumulative return in cash sums $187,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,430/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1923
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12180, Troy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,432 (100%) |
| Owner Occupied HU | 10,017 (37.9%) |
| Renter Occupied HU | 13,243 (50.1%) |
| Vacant Housing Units | 3,172 (12.0%) |
| Median Home Value | $263,950 |
| Average Home Value | $328,907 |
Housing Distribution
Address Breakdown
Residential
22,996
Single Family
17,432
Multi-Family
5,564
Businesses
1,424
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Listed by: Maria C Connally • Berkshire Hathaway Home Services Blake
Mls Name: Global MLS
Mls Provider:
Mls ID: #202520303
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