48 James StGloversvilleNY12078
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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
Investment property for sale in Gloversville at 48 James St, Gloversville, NY, 12078 with 5% annual appreciation on a $110,000 basis while $841/mo rent supports operations. Total monthly income totals $841/mo and a $538/mo payment preserves $107/mo for cash returns. Annual cash flow comes to $1,282/yr on $36,465 deployed, and return on cash invested reaches 23.42% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 9.17%. Five-year ROI measures 122.32% and total cumulative return in cash totals $44,604.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $841/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
1,742 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
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Listed by: Brandt Minkler • MINKLER BRANDT
Mls Name: NY State MLS
Mls ID: #11630410