46 Columbia StreetAlbanyNY12207
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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 Albany at 46 Columbia Street, Albany, NY, 12207 priced at $525,000 pairs $2,187/mo rent with after a $2,570/mo payment. Total monthly income equals $2,187/mo. Return on cash invested is 10.89% in year one, and rental yield stands at 5% on a $525,000 basis. Equity gained on principal adds $3,388/yr, and 5% annual appreciation accumulates to $145,048 by year five. Five-year ROI measures 55.13% and total cumulative return in cash reaches $95,217. For financing, Ziffy Mortgage’s DSCR program evaluates $2,187/mo property income against a $2,570/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1811
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12207, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 114 ( 4.9%) |
| Renter Occupied HU | 1,809 (77.7%) |
| Vacant Housing Units | 405 (17.4%) |
| Median Home Value | $262,500 |
| Average Home Value | $247,697 |
Housing Distribution
Address Breakdown
Residential
1,786
Single Family
411
Multi-Family
1,375
Businesses
903
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