49 Wilson AvenueSouth 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
Investment property for sale in South Glens Falls at 49 Wilson Avenue, South Glens Falls, NY, 12803 uses $87,185 cash to close to unlock $7,560/yr annual cash flow and $630/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,287/mo payment keeps the spread at $630/mo. Purchase price stands at $263,000, and rental yield measures 10.89% with $2,386/mo rent. Return on cash invested shows 28.58% in year one, and 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 149.97% and total cumulative return in cash records $130,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,287/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,712 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: Neil Jordon • Hunt ERA
Mls Name: Global MLS
Mls Provider:
Mls ID: #202514545
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