607 Gansevoort RoadSouth Glens FallsNY12803
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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 South Glens Falls at 607 Gansevoort Road, South Glens Falls, NY, 12803 priced at $369,000 converts $3,502/mo rent into $1,038/mo cash flow after a $1,806/mo obligation. Total monthly income equals $3,502/mo, and annual cash flow totals $12,455/yr on $122,324 invested. Return on cash invested prints 30.09% in year one, and rental yield reads 11.39% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 158.08% and total cumulative return in cash sums $193,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,502/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12803, South Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 2,697 (58.4%) |
| Renter Occupied HU | 1,631 (35.3%) |
| Vacant Housing Units | 287 ( 6.2%) |
| Median Home Value | $228,997 |
| Average Home Value | $289,405 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
4,132
Multi-Family
193
Businesses
222
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Listed by: Linda Blackburn • Berkshire Hathaway HomeServices Blake, REALTORS
Mls Name: Global MLS
Mls ID: #202519093