53 Steele AvenueGloversvilleNY12078
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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 Gloversville at 53 Steele Avenue, Gloversville, NY, 12078 uses $58,013 cash to close to unlock $30,899/yr annual cash flow and $2,575/mo monthly cash flow. Total monthly income runs $3,744/mo, and a $857/mo payment keeps the spread at $2,575/mo. Purchase price stands at $175,000, and rental yield measures 25.67% with $3,744/mo rent. Return on cash invested shows 73.17% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 389.1% and total cumulative return in cash records $225,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,744/mo property income covering a $857/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
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Listed by: Rochelle Bailey • Krutz Properties, LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202423890
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