243 Northern BoulevardAlbanyNY12210
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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 243 Northern Boulevard, Albany, NY, 12210 offers a 12.46% rental yield on a $129,999 purchase with $1,350/mo rent. Total monthly income registers $1,350/mo, and a $636/mo payment leaves $482/mo available for distribution. Annual cash flow reaches $5,786/yr on $43,095 to close, and return on cash invested stands at 33.34% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,916 over five years. Portfolio math shows five-year ROI at 175.57% and total cumulative return in cash at $75,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,350/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12210, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,472 (100%) |
| Owner Occupied HU | 975 (15.1%) |
| Renter Occupied HU | 4,547 (70.3%) |
| Vacant Housing Units | 950 (14.7%) |
| Median Home Value | $274,846 |
| Average Home Value | $306,108 |
Housing Distribution
Address Breakdown
Residential
5,448
Single Family
3,336
Multi-Family
2,112
Businesses
512
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Listed by: Shawn D Clark • MJJ Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202512448
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