409 Progress RdGloversvilleNY12078
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
Rental property for sale in Gloversville at 409 Progress Rd, Gloversville, NY, 12078 generates $1,160/mo in rent and, after a $732/mo payment, leaves $161/mo in cash flow. Total monthly income is $1,160/mo, and annual cash flow is $1,937/yr on $49,559 invested. Return on cash invested sits at 23.82% in year one, and rental yield is 9.31% on a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 124.52% and total cumulative return in cash sums $61,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1934
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A