62 Thornton StreetAlbanyNY12206
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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 Albany at 62 Thornton Street, Albany, NY, 12206 priced at $250,000 pairs $3,328/mo rent with $1,658/mo cash flow after a $1,224/mo payment. Total monthly income equals $3,328/mo, and annual cash flow comes to $19,898/yr on $82,875 invested. Return on cash invested is 43.92% in year one, and rental yield stands at 15.97% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 232.28% and total cumulative return in cash reaches $192,502. For financing, Ziffy Mortgage’s DSCR program evaluates $3,328/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
3,920 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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Listed by: Martin Marczika • Howard Hanna
Mls Name: Global MLS
Mls Provider:
Mls ID: #202424201
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker