512 3rd Ave ExtensionRensselaerNY12144
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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 Rensselaer at 512 3rd Ave Extension, Rensselaer, NY, 12144 generates $2,040/mo in rent and, after a $1,297/mo payment, leaves $270/mo in cash flow. Total monthly income is $2,040/mo, and annual cash flow is $3,245/yr on $87,848 invested. Return on cash invested sits at 23.6% in year one, and rental yield is 9.24% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 123.31% and total cumulative return in cash sums $108,327. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12144, Rensselaer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 5,496 (53.7%) |
| Renter Occupied HU | 3,993 (39.0%) |
| Vacant Housing Units | 740 ( 7.2%) |
| Median Home Value | $271,764 |
| Average Home Value | $287,042 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,324
Multi-Family
1,311
Businesses
572
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Listed by: Erin Shepherd • Mahar Real Estate, LLC
Mls Name: Global MLS
Mls ID: #202527190