206 N Pearl Street #204AlbanyNY12207
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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 206 N Pearl Street #204, Albany, NY, 12207 generates $1,554/mo in rent and, after a $1,076/mo payment, leaves $86/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $1,030/yr on $72,897 invested. Return on cash invested sits at 21.32% in year one, and rental yield is 8.48% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 111.06% and total cumulative return in cash sums $80,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Condo
Built in 1883
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12207, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 114 ( 4.9%) |
| Renter Occupied HU | 1,809 (77.7%) |
| Vacant Housing Units | 405 (17.4%) |
| Median Home Value | $262,500 |
| Average Home Value | $247,697 |
Housing Distribution
Address Breakdown
Residential
1,786
Single Family
411
Multi-Family
1,375
Businesses
903
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