31 South StAlbanyNY12204
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 31 South St, Albany, NY, 12204 in Albany is straightforward: $214,300 in, $1,819/mo in rent, $388/mo out after debt service. The 10.19% gross yield and 1.89 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $59,207 by year five. With $1,974/yr in principal equity, the total cumulative return is projected at $106,671.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $388 | $850 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,819 |
| Total Monthly Debt Service | $1,346 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12204, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 1,515 (33.5%) |
| Renter Occupied HU | 2,591 (57.3%) |
| Vacant Housing Units | 417 ( 9.2%) |
| Median Home Value | $343,095 |
| Average Home Value | $377,229 |
Housing Distribution
Address Breakdown
Residential
3,773
Single Family
1,646
Multi-Family
2,127
Businesses
373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12204, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 1,515 (33.5%) |
| Renter Occupied HU | 2,591 (57.3%) |
| Vacant Housing Units | 417 ( 9.2%) |
| Median Home Value | $343,095 |
| Average Home Value | $377,229 |
Housing Distribution
Address Breakdown
Residential
3,773
Single Family
1,646
Multi-Family
2,127
Businesses
373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices