23 Barrows StreetAlbanyNY12209
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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 23 Barrows Street, Albany, NY, 12209 priced at $229,999 converts $1,539/mo rent into $3/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,539/mo, and annual cash flow totals $34/yr on $76,245 invested. Return on cash invested prints 19.95% in year one, and rental yield reads 8.03% against a $229,999 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,544 by year five. Five-year ROI reaches 103.73% and total cumulative return in cash sums $79,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,539/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1927
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12209, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,879 (100%) |
| Owner Occupied HU | 2,479 (50.8%) |
| Renter Occupied HU | 2,001 (41.0%) |
| Vacant Housing Units | 399 ( 8.2%) |
| Median Home Value | $206,556 |
| Average Home Value | $263,270 |
Housing Distribution
Address Breakdown
Residential
4,234
Single Family
4,088
Multi-Family
146
Businesses
133
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