277 Northern BoulevardAlbanyNY12210
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 277 Northern Boulevard, Albany, NY, 12210 in Albany deserves attention. This $194,900 property earns $3,336/mo in rent, a 20.54% gross yield, and nets $2,034/mo after the $876/mo payment. DSCR 3.81 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,847 compounds alongside $1,795/yr in yearly equity build, for a total cumulative return of $205,300.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.5% | 6.2% |
| Monthly Cash Flow | $2,034 | $850 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,336 |
| Total Monthly Debt Service | $1,224 |
| DSCR Ratio | 2.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1881
4,356 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
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
Multi Family
Built in 1881
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices