253 S Main StreetGloversvilleNY12078
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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 Gloversville at 253 S Main Street, Gloversville, NY, 12078 priced at $110,000 converts $1,444/mo rent into $710/mo cash flow after a $538/mo obligation. Total monthly income equals $1,444/mo, and annual cash flow totals $8,518/yr on $36,465 invested. Return on cash invested prints 43.27% in year one, and rental yield reads 15.75% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 228.78% and total cumulative return in cash sums $83,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,444/mo property income covering a $538/mo payment, not borrower’s personal income.
Multi Family
Built in 1905
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
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Listed by: John G Baker • Spinnaker Realty Sales, LLC
Mls Name: Global MLS
Mls ID: #202525209