358 2nd 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
Rental property for sale in Albany at 358 2nd Street, Albany, NY, 12206 generates $1,654/mo in rent and, after a $1,120/mo payment, leaves $126/mo in cash flow. Total monthly income is $1,654/mo, and annual cash flow is $1,510/yr on $75,880 invested. Return on cash invested sits at 21.9% in year one, and rental yield is 8.67% on a $228,900 entry. Equity gained on principal adds $1,477/yr, while 5% annual appreciation builds toward $63,241 over five years. Five-year ROI reaches 114.16% and total cumulative return in cash sums $86,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,654/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
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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