497 Washington AveAlbanyNY12206
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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 497 Washington Ave, Albany, NY, 12206 priced at $125,000 pairs $1,658/mo rent with $823/mo cash flow after a $612/mo payment. Total monthly income equals $1,658/mo, and annual cash flow comes to $9,877/yr on $41,438 invested. Return on cash invested is 43.74% in year one, and rental yield stands at 15.92% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 231.43% and total cumulative return in cash reaches $95,897. For financing, Ziffy Mortgage’s DSCR program evaluates $1,658/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
4,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12206, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,508 (100%) |
| Owner Occupied HU | 1,537 (18.1%) |
| Renter Occupied HU | 5,509 (64.8%) |
| Vacant Housing Units | 1,462 (17.2%) |
| Median Home Value | $173,929 |
| Average Home Value | $228,710 |
Housing Distribution
Address Breakdown
Residential
6,652
Single Family
5,533
Multi-Family
1,119
Businesses
816
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