6 Eagle StreetGloversvilleNY12078
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Nearby investment properties with comparable prices
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 Gloversville at 6 Eagle Street, Gloversville, NY, 12078 offers $988/mo rent that, after a $612/mo payment, leaves $153/mo cash flow. Total monthly income is $988/mo, and annual cash flow is $1,837/yr on $41,438 cash. Return on cash invested measures 24.34% in year one, and rental yield stands at 9.48% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 127.37% and total cumulative return in cash reaches $52,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $988/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
1,976 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12078, Gloversville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 5,964 (49.5%) |
| Renter Occupied HU | 3,975 (33.0%) |
| Vacant Housing Units | 2,115 (17.5%) |
| Median Home Value | $163,814 |
| Average Home Value | $228,485 |
Housing Distribution
Address Breakdown
Residential
10,192
Single Family
9,594
Multi-Family
598
Businesses
570
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Listed by: Lisa Martuscello • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202527823