3 Anderson RoadSouth Glens FallsNY12803
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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
Investment property for sale in South Glens Falls at 3 Anderson Road, South Glens Falls, NY, 12803 uses $115,992 cash to close to unlock $7,836/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $2,990/mo, and a $1,713/mo payment keeps the spread at $653/mo. Purchase price stands at $349,900, and rental yield measures 10.25% with $2,990/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 139.75% and total cumulative return in cash records $162,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,990/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12803, South Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 2,697 (58.4%) |
| Renter Occupied HU | 1,631 (35.3%) |
| Vacant Housing Units | 287 ( 6.2%) |
| Median Home Value | $228,997 |
| Average Home Value | $289,405 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
4,132
Multi-Family
193
Businesses
222
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Listed by: Shannon McCarthy • eXp Realty
Mls Name: Global MLS
Mls ID: #202530074