596 Morris StreetAlbanyNY12208
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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 Morris Street, Albany, NY, 12208 at $259,000 posts ROI 35.75% with $1,133/mo cash flow from $2,863/mo rent. Total monthly income equals $2,863/mo, and annual cash flow records $13,597/yr on $85,859 to close. Return on cash invested measures 35.75% and rental yield reads 13.26% at the current $259,000. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 by year five. Five-year ROI prints 188.45% and total cumulative return in cash totals $161,800.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,863/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12208, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,175 (38.1%) |
| Renter Occupied HU | 5,550 (50.6%) |
| Vacant Housing Units | 1,238 (11.3%) |
| Median Home Value | $269,651 |
| Average Home Value | $313,159 |
Housing Distribution
Address Breakdown
Residential
10,053
Single Family
7,877
Multi-Family
2,176
Businesses
404
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