3 Lafayette StTroyNY12183
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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 Troy at 3 Lafayette St, Troy, NY, 12183 generates $1,530/mo in rent and, after a $1,052/mo payment, leaves $95/mo in cash flow. Total monthly income is $1,530/mo, and annual cash flow is $1,135/yr on $71,273 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 8.54% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $79,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12183, Troy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 385 (21.0%) |
| Renter Occupied HU | 1,123 (61.1%) |
| Vacant Housing Units | 329 (17.9%) |
| Median Home Value | $171,094 |
| Average Home Value | $196,662 |
Housing Distribution
Address Breakdown
Residential
1,355
Single Family
971
Multi-Family
384
Businesses
122
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