596 3rd StreetAlbanyNY12206
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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 596 3rd Street, Albany, NY, 12206 earns $575/mo cash flow from $1,843/mo rent with a $929/mo payment. Total monthly income totals $1,843/mo, and annual cash flow totals $6,904/yr on $62,952 capital. ROI tracks 30.88% on current figures, and rental yield reads 11.65% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 162.34% and total cumulative return in cash sums $102,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,843/mo property income instead of your personal income.
Multi Family
Built in 1910
3,049 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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