39 Gage AveGlens FallsNY12801
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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 Glens Falls at 39 Gage Ave, Glens Falls, NY, 12801 with 5% annual appreciation on a $137,098 basis while $2,267/mo rent supports operations. Total monthly income totals $2,267/mo and a $671/mo payment preserves $1,352/mo for cash returns. Annual cash flow comes to $16,218/yr on $45,448 deployed, and return on cash invested reaches 55.59% in year one. Equity gained on principal adds $885/yr, and five-year appreciation sums $37,878 alongside rental yield of 19.84%. Five-year ROI measures 294.85% and total cumulative return in cash totals $134,003.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,267/mo property income versus a $671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12801, Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,707 (100%) |
| Owner Occupied HU | 3,276 (42.5%) |
| Renter Occupied HU | 3,748 (48.6%) |
| Vacant Housing Units | 683 ( 8.9%) |
| Median Home Value | $205,298 |
| Average Home Value | $247,030 |
Housing Distribution
Address Breakdown
Residential
7,209
Single Family
6,832
Multi-Family
377
Businesses
1,064
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