487 Johnson Ave ExtGloversvilleNY12078
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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 Gloversville at 487 Johnson Ave Ext, Gloversville, NY, 12078 priced at $109,900 converts $1,710/mo rent into $976/mo cash flow after a $538/mo obligation. Total monthly income equals $1,710/mo, and annual cash flow totals $11,712/yr on $36,432 invested. Return on cash invested prints 52.06% in year one, and rental yield reads 18.67% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 276.03% and total cumulative return in cash sums $100,564. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,710/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.40 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
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Listed by: Amjad Mughal • MJJ Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202421631
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