500 3rd AvenueTroyNY12182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Troy at 500 3rd Avenue, Troy, NY, 12182 uses $79,229 cash to close to unlock $4,389/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $1,962/mo, and a $1,170/mo payment keeps the spread at $366/mo. Purchase price stands at $239,000, and rental yield measures 9.85% with $1,962/mo rent. Return on cash invested shows 25.45% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 133.19% and total cumulative return in cash records $105,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,962/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Multi Family
Built in 1889
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12182, Troy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,134 (100%) |
| Owner Occupied HU | 3,405 (47.7%) |
| Renter Occupied HU | 2,901 (40.7%) |
| Vacant Housing Units | 828 (11.6%) |
| Median Home Value | $225,465 |
| Average Home Value | $278,897 |
Housing Distribution
Address Breakdown
Residential
6,511
Single Family
5,718
Multi-Family
793
Businesses
282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices