213 Sherman AvenueQueensburyNY12804
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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
Investment property for sale in Queensbury at 213 Sherman Avenue, Queensbury, NY, 12804 uses $91,163 cash to close to unlock $463/yr annual cash flow and $39/mo monthly cash flow. Total monthly income runs $1,875/mo, and a $1,346/mo payment keeps the spread at $39/mo. Purchase price stands at $275,000, and rental yield measures 8.18% with $1,875/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 106.24% and total cumulative return in cash records $96,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,875/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1925
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12804, Queensbury, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,575 (100%) |
| Owner Occupied HU | 8,671 (63.9%) |
| Renter Occupied HU | 3,566 (26.3%) |
| Vacant Housing Units | 1,338 ( 9.9%) |
| Median Home Value | $314,925 |
| Average Home Value | $378,736 |
Housing Distribution
Address Breakdown
Residential
12,142
Single Family
11,037
Multi-Family
1,105
Businesses
984
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Listed by: Tiffany A Kasare • Hunt ERA
Mls Name: Global MLS
Mls ID: #202610836