493 Glen StreetGlens FallsNY12801
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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 Glens Falls at 493 Glen Street, Glens Falls, NY, 12801 priced at $629,900 pairs $2,027/mo rent with after a $3,083/mo payment. Total monthly income equals $2,027/mo. Return on cash invested is 7.44% in year one, and rental yield stands at 3.86% on a $629,900 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,030 by year five. Five-year ROI measures 36.59% and total cumulative return in cash reaches $75,831. For financing, Ziffy Mortgage’s DSCR program evaluates $2,027/mo property income against a $3,083/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12801, Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,707 (100%) |
| Owner Occupied HU | 3,276 (42.5%) |
| Renter Occupied HU | 3,748 (48.6%) |
| Vacant Housing Units | 683 ( 8.9%) |
| Median Home Value | $205,298 |
| Average Home Value | $247,030 |
Housing Distribution
Address Breakdown
Residential
7,209
Single Family
6,832
Multi-Family
377
Businesses
1,064
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Listed by: Sean Rogge • Howard Hanna
Mls Name: Global MLS
Mls ID: #202526692