34 Buchanan StreetAlbanyNY12206
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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 34 Buchanan Street, Albany, NY, 12206 uses $72,267 cash to close to unlock $627/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $1,067/mo payment keeps the spread at $52/mo. Purchase price stands at $218,000, and rental yield measures 8.3% with $1,508/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash records $78,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12206, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,508 (100%) |
| Owner Occupied HU | 1,537 (18.1%) |
| Renter Occupied HU | 5,509 (64.8%) |
| Vacant Housing Units | 1,462 (17.2%) |
| Median Home Value | $173,929 |
| Average Home Value | $228,710 |
Housing Distribution
Address Breakdown
Residential
6,652
Single Family
5,533
Multi-Family
1,119
Businesses
816
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