45 Maple AvenueGloversvilleNY12078
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 Gloversville at 45 Maple Avenue, Gloversville, NY, 12078 offers a 10.5% rental yield on a $184,900 purchase with $1,618/mo rent. Total monthly income registers $1,618/mo, and a $905/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,599/yr on $61,294 to close, and return on cash invested stands at 27.41% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Portfolio math shows five-year ROI at 143.79% and total cumulative return in cash at $88,135. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,618/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
5,662 sqft 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: Kathleen M Gordon • Inglenook Realty Inc
Mls Name: Global MLS
Mls ID: #202526241