231 Washington Ave ERensselaerNY12144
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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 Rensselaer at 231 Washington Ave E, Rensselaer, NY, 12144 listed at $199,999 pairs $1,575/mo rent with a $979/mo payment to leave $239/mo cash flow. Total monthly income runs $1,575/mo, and annual cash flow reaches $2,872/yr on $66,300 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 9.45% at a $199,999 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 126.75% and total cumulative return in cash totals $84,032. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,575/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
6,534 sqft 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: Trevor Askew • Core Real Estate Team
Mls Name: Global MLS
Mls ID: #202529740