327-333 State Route 29AGloversvilleNY12078
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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 Gloversville at 327-333 State Route 29A, Gloversville, NY, 12078 uses $96,135 cash to close to unlock $1,846/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $1,419/mo payment keeps the spread at $154/mo. Purchase price stands at $290,000, and rental yield measures 8.65% with $2,090/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 113.77% and total cumulative return in cash records $109,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
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Listed by: Kylie Jackson • Gateway Realty Solutions
Mls Name: Global MLS
Mls ID: #202526405