216 Colonial AvenueAlbanyNY12208
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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 Albany at 216 Colonial Avenue, Albany, NY, 12208 with 5% annual appreciation on a $434,500 basis while $2,885/mo rent supports operations. 32% in year one. Equity gained on principal adds $2,804/yr, and five-year appreciation sums $120,044 alongside rental yield of 7.97%. Five-year ROI measures 90.51% and total cumulative return in cash totals $130,367. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,885/mo property income versus a $2,127/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1989
3,049 sqft lot
$N/A/sqft
$880 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12208, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,175 (38.1%) |
| Renter Occupied HU | 5,550 (50.6%) |
| Vacant Housing Units | 1,238 (11.3%) |
| Median Home Value | $269,651 |
| Average Home Value | $313,159 |
Housing Distribution
Address Breakdown
Residential
10,053
Single Family
7,877
Multi-Family
2,176
Businesses
404
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Listed by: Jim McLoughlin • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls Provider:
Mls ID: #202419422
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