248 3rd StAlbanyNY12206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 248 3rd St, Albany, NY, 12206 offers $2,510/mo rent that, after a $544/mo payment, leaves $1,768/mo cash flow. Total monthly income is $2,510/mo, and annual cash flow is $21,214/yr on $36,830 cash. Return on cash invested measures 77.51% in year one, and rental yield stands at 27.11% at a $111,100 entry. Equity gained on principal adds $717/yr while 5% annual appreciation compounds into $30,695 by year five. Five-year ROI records 412.39% and total cumulative return in cash reaches $151,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,510/mo property income versus a $544/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
3,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12206, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,508 (100%) |
| Owner Occupied HU | 1,537 (18.1%) |
| Renter Occupied HU | 5,509 (64.8%) |
| Vacant Housing Units | 1,462 (17.2%) |
| Median Home Value | $173,929 |
| Average Home Value | $228,710 |
Housing Distribution
Address Breakdown
Residential
6,652
Single Family
5,533
Multi-Family
1,119
Businesses
816
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