45 Fairview 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
Rental property for sale in South Glens Falls at 45 Fairview Street, South Glens Falls, NY, 12803 priced at $115,000 converts $920/mo rent into $152/mo cash flow after a $563/mo obligation. Total monthly income equals $920/mo, and annual cash flow totals $1,823/yr on $38,123 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 9.6% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 129.15% and total cumulative return in cash sums $49,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $920/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1894
10,454 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: Erin Sipowicz • Howard Hanna
Mls Name: Global MLS
Mls Provider:
Mls ID: #202511878
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker