577 Western AvenueAlbanyNY12203
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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 577 Western Avenue, Albany, NY, 12203 earns from $2,291/mo rent with a $3,225/mo payment. Total monthly income totals $2,291/mo. ROI tracks 8.39% on current figures, and rental yield reads 4.17% at a $659,000 purchase. Equity gained on principal adds $4,252/yr, and 5% annual appreciation supports $182,070 over five years. Five-year ROI reaches 41.66% and total cumulative return in cash sums $90,319. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,291/mo property income instead of your personal income.
Multi Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12203, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,698 (100%) |
| Owner Occupied HU | 6,369 (43.3%) |
| Renter Occupied HU | 6,571 (44.7%) |
| Vacant Housing Units | 1,758 (12.0%) |
| Median Home Value | $294,068 |
| Average Home Value | $333,087 |
Housing Distribution
Address Breakdown
Residential
13,294
Single Family
10,497
Multi-Family
2,797
Businesses
1,260
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