35 Cherry 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
Investment property for sale in Glens Falls at 35 Cherry Street, Glens Falls, NY, 12801 uses $49,692 cash to close to unlock $6,656/yr annual cash flow and $555/mo monthly cash flow. Total monthly income runs $1,556/mo, and a $734/mo payment keeps the spread at $555/mo. Purchase price stands at $149,900, and rental yield measures 12.46% with $1,556/mo rent. Return on cash invested shows 33.3% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 175.34% and total cumulative return in cash records $87,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,556/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
8,276 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: Joli A Chamberlain • REMAX Solutions
Mls Name: Global MLS
Mls ID: #202521753