37-39 2 nd StreetSouth Glens FallsNY12803
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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 South Glens Falls at 37-39 2 nd Street, South Glens Falls, NY, 12803 listed at $475,000 pairs $1,674/mo rent with a $2,325/mo payment. Total monthly income runs $1,674/mo. Return on cash invested measures 8.49% in year one, and rental yield registers 4.23% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 42.25% and total cumulative return in cash totals $66,535. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,674/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1884
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12803, South Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 2,697 (58.4%) |
| Renter Occupied HU | 1,631 (35.3%) |
| Vacant Housing Units | 287 ( 6.2%) |
| Median Home Value | $228,997 |
| Average Home Value | $289,405 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
4,132
Multi-Family
193
Businesses
222
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Listed by: Michael Pugh • Better Way Realty
Mls Name: Global MLS
Mls ID: #202522286