23 Cedarcrest DriveRensselaerNY12144
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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 Rensselaer at 23 Cedarcrest Drive, Rensselaer, NY, 12144 priced at $505,000 pairs $3,012/mo rent with after a $2,472/mo payment. Total monthly income equals $3,012/mo. Return on cash invested is 17.46% in year one, and rental yield stands at 7.16% on a $505,000 basis. Equity gained on principal adds $3,259/yr, and 5% annual appreciation accumulates to $139,522 by year five. Five-year ROI measures 90.31% and total cumulative return in cash reaches $150,042. For financing, Ziffy Mortgage’s DSCR program evaluates $3,012/mo property income against a $2,472/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12144, Rensselaer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 5,496 (53.7%) |
| Renter Occupied HU | 3,993 (39.0%) |
| Vacant Housing Units | 740 ( 7.2%) |
| Median Home Value | $271,764 |
| Average Home Value | $287,042 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,324
Multi-Family
1,311
Businesses
572
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Listed by: Linda M Foglia • KW Platform
Mls Name: Global MLS
Mls ID: #202610610