7 Farnam LaneTroyNY12180
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 7 Farnam Lane, Troy, NY, 12180 in Troy hard to pass up. The 11.59% gross yield on a $550,000 purchase results in $5,314/mo in rent and $1,641/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.15). Annual cash flow of $19,689, five-year appreciation of $151,955, and $5,066/yr in equity build-up combine for a projected total cumulative return of $315,378.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $1,641 | $420 |
City averages based on Troy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,314 |
| Total Monthly Debt Service | $3,454 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1952
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12180, Troy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,432 (100%) |
| Owner Occupied HU | 10,017 (37.9%) |
| Renter Occupied HU | 13,243 (50.1%) |
| Vacant Housing Units | 3,172 (12.0%) |
| Median Home Value | $263,950 |
| Average Home Value | $328,907 |
Housing Distribution
Address Breakdown
Residential
22,996
Single Family
17,432
Multi-Family
5,564
Businesses
1,424
Nearby investment properties with comparable rents
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
Single Family
Built in 1952
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12180, Troy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,432 (100%) |
| Owner Occupied HU | 10,017 (37.9%) |
| Renter Occupied HU | 13,243 (50.1%) |
| Vacant Housing Units | 3,172 (12.0%) |
| Median Home Value | $263,950 |
| Average Home Value | $328,907 |
Housing Distribution
Address Breakdown
Residential
22,996
Single Family
17,432
Multi-Family
5,564
Businesses
1,424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices