31 Crandall StreetGlens FallsNY12801
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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 Glens Falls at 31 Crandall Street, Glens Falls, NY, 12801 offers $2,280/mo rent that, after a $1,503/mo payment, leaves $230/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $2,754/yr on $101,771 cash. Return on cash invested measures 22.62% in year one, and rental yield stands at 8.91% at a $307,000 entry. Equity gained on principal adds $1,981/yr while 5% annual appreciation compounds into $84,818 by year five. Five-year ROI records 118.01% and total cumulative return in cash reaches $120,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,503/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
7,405 sqft 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: Tracy Bauer • Hunt ERA
Mls Name: Global MLS
Mls ID: #202529040