36 Providence StAlbanyNY12203
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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 36 Providence St, Albany, NY, 12203 priced at $239,900 converts $2,063/mo rent into $461/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,063/mo, and annual cash flow totals $5,534/yr on $79,527 invested. Return on cash invested prints 26.87% in year one, and rental yield reads 10.32% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 140.84% and total cumulative return in cash sums $112,003. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,063/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1949
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12203, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,698 (100%) |
| Owner Occupied HU | 6,369 (43.3%) |
| Renter Occupied HU | 6,571 (44.7%) |
| Vacant Housing Units | 1,758 (12.0%) |
| Median Home Value | $294,068 |
| Average Home Value | $333,087 |
Housing Distribution
Address Breakdown
Residential
13,294
Single Family
10,497
Multi-Family
2,797
Businesses
1,260
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