35 Spruce StreetGloversvilleNY12078
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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
Investment Highlights
Rental property for sale in Gloversville at 35 Spruce Street, Gloversville, NY, 12078 priced at $194,500 converts $1,747/mo rent into $448/mo cash flow after a $952/mo obligation. Total monthly income equals $1,747/mo, and annual cash flow totals $5,378/yr on $64,477 invested. Return on cash invested prints 28.25% in year one, and rental yield reads 10.78% against a $194,500 entry. Equity gained on principal adds $1,255/yr, while 5% annual appreciation compiles into $53,737 by year five. Five-year ROI reaches 148.27% and total cumulative return in cash sums $95,601. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,747/mo property income covering a $952/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,484 sqft 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: Jessica Bedard • Realty One Group Key
Mls Name: Global MLS
Mls ID: #202524170