555 3rd StAlbanyNY12206
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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 Albany at 555 3rd St, Albany, NY, 12206 uses $36,830 cash to close to unlock $4,750/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $1,138/mo, and a $544/mo payment keeps the spread at $396/mo. Purchase price stands at $111,100, and rental yield measures 12.29% with $1,138/mo rent. Return on cash invested shows 32.81% in year one, and 5% annual appreciation builds toward $30,695 over five years. Five-year ROI reaches 172.68% and total cumulative return in cash records $63,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,138/mo property income covering a $544/mo payment rather than investor’s personal income.
Multi Family
Built in 1904
3,325 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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