663 Myrtle AvenueAlbanyNY12208
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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 663 Myrtle Avenue, Albany, NY, 12208 priced at $319,900 pairs $4,336/mo rent with $2,200/mo cash flow after a $1,566/mo payment. Total monthly income equals $4,336/mo, and annual cash flow comes to $26,394/yr on $106,047 invested. Return on cash invested is 44.8% in year one, and rental yield stands at 16.27% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 236.97% and total cumulative return in cash reaches $251,300. For financing, Ziffy Mortgage’s DSCR program evaluates $4,336/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1912
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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Listed by: Lucy Ann Sokaris • Miranda Real Estate Group Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202420075
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