277 Ridge StreetGlens FallsNY12801
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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
Investment property for sale in Glens Falls at 277 Ridge Street, Glens Falls, NY, 12801 at $271,000 posts ROI 70.53% with $3,790/mo cash flow from $5,599/mo rent. Total monthly income equals $5,599/mo, and annual cash flow records $45,477/yr on $89,837 to close. Return on cash invested measures 70.53% and rental yield reads 24.79% at the current $271,000. Equity gained on principal adds $1,749/yr, and 5% annual appreciation supports $74,872 by year five. Five-year ROI prints 374.95% and total cumulative return in cash totals $336,843.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,599/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12801, Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,707 (100%) |
| Owner Occupied HU | 3,276 (42.5%) |
| Renter Occupied HU | 3,748 (48.6%) |
| Vacant Housing Units | 683 ( 8.9%) |
| Median Home Value | $205,298 |
| Average Home Value | $247,030 |
Housing Distribution
Address Breakdown
Residential
7,209
Single Family
6,832
Multi-Family
377
Businesses
1,064
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Listed by: Sandra A Poulos • Howard Hanna
Mls Name: Global MLS
Mls Provider:
Mls ID: #202422043
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