56 Parsons AvenueHoosick FallsNY12090
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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 Hoosick Falls at 56 Parsons Avenue, Hoosick Falls, NY, 12090 priced at $475,000 converts $3,340/mo rent into $168/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,340/mo, and annual cash flow totals $2,015/yr on $157,463 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 8.44% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 110.34% and total cumulative return in cash sums $173,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,340/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1899
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12090, Hoosick Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,814 (100%) |
| Owner Occupied HU | 1,664 (59.1%) |
| Renter Occupied HU | 774 (27.5%) |
| Vacant Housing Units | 376 (13.4%) |
| Median Home Value | $249,770 |
| Average Home Value | $390,539 |
Housing Distribution
Address Breakdown
Residential
2,420
Single Family
2,416
Multi-Family
4
Businesses
150
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Listed by: Wendy Larson • Hoosick Realty
Mls Name: Global MLS
Mls ID: #202525366