351 Sherman 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 351 Sherman Street, Albany, NY, 12206 at $219,000 posts ROI 21.98% with $125/mo cash flow from $1,588/mo rent. Total monthly income equals $1,588/mo, and annual cash flow records $1,505/yr on $72,599 to close. Return on cash invested measures 21.98% and rental yield reads 8.7% at the current $219,000. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 by year five. Five-year ROI prints 114.64% and total cumulative return in cash totals $83,229.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,588/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
2,178 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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