399 State Street APt 803AlbanyNY12210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 399 State Street APt 803, Albany, NY, 12210 uses $59,339 cash to close to unlock $3,825/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,514/mo, and a $876/mo payment keeps the spread at $319/mo. Purchase price stands at $179,000, and rental yield measures 10.15% with $1,514/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 138.07% and total cumulative return in cash records $81,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,514/mo property income covering a $876/mo payment rather than investor’s personal income.
Townhouse
Built in 1922
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12210, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,472 (100%) |
| Owner Occupied HU | 975 (15.1%) |
| Renter Occupied HU | 4,547 (70.3%) |
| Vacant Housing Units | 950 (14.7%) |
| Median Home Value | $274,846 |
| Average Home Value | $306,108 |
Housing Distribution
Address Breakdown
Residential
5,448
Single Family
3,336
Multi-Family
2,112
Businesses
512
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices