31 Academy RdAlbanyNY12208
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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 Albany at 31 Academy Rd, Albany, NY, 12208 uses $112,544 cash to close to unlock $7,291/yr annual cash flow and $608/mo monthly cash flow. Total monthly income runs $2,875/mo, and a $1,662/mo payment keeps the spread at $608/mo. Purchase price stands at $339,500, and rental yield measures 10.16% with $2,875/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 138.24% and total cumulative return in cash records $155,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,875/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Single Family
Built in 1922
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12208, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,175 (38.1%) |
| Renter Occupied HU | 5,550 (50.6%) |
| Vacant Housing Units | 1,238 (11.3%) |
| Median Home Value | $269,651 |
| Average Home Value | $313,159 |
Housing Distribution
Address Breakdown
Residential
10,053
Single Family
7,877
Multi-Family
2,176
Businesses
404
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