344 2nd AvenueAlbanyNY12209
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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 344 2nd Avenue, Albany, NY, 12209 earns $138/mo cash flow from $1,974/mo rent with a $1,346/mo payment. Total monthly income totals $1,974/mo, and annual cash flow totals $1,651/yr on $91,162 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.61% at a $274,999 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 113.22% and total cumulative return in cash sums $103,211. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,974/mo property income instead of your personal income.
Multi Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12209, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,879 (100%) |
| Owner Occupied HU | 2,479 (50.8%) |
| Renter Occupied HU | 2,001 (41.0%) |
| Vacant Housing Units | 399 ( 8.2%) |
| Median Home Value | $206,556 |
| Average Home Value | $263,270 |
Housing Distribution
Address Breakdown
Residential
4,234
Single Family
4,088
Multi-Family
146
Businesses
133
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