29 Chestnut StreetRensselaerNY12144
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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 Rensselaer at 29 Chestnut Street, Rensselaer, NY, 12144 offers $1,910/mo rent that, after a $734/mo payment, leaves $909/mo cash flow. Total monthly income is $1,910/mo, and annual cash flow is $10,904/yr on $49,692 cash. Return on cash invested measures 41.85% in year one, and rental yield stands at 15.29% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 221.2% and total cumulative return in cash reaches $109,919. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,910/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1879
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12144, Rensselaer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 5,496 (53.7%) |
| Renter Occupied HU | 3,993 (39.0%) |
| Vacant Housing Units | 740 ( 7.2%) |
| Median Home Value | $271,764 |
| Average Home Value | $287,042 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,324
Multi-Family
1,311
Businesses
572
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Listed by: John M Mooney • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202523669
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