7 Monroe StGloversvilleNY12078
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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
Investment property for sale in Gloversville at 7 Monroe St, Gloversville, NY, 12078 at $149,900 posts ROI 39.94% with $830/mo cash flow from $1,831/mo rent. Total monthly income equals $1,831/mo, and annual cash flow records $9,956/yr on $49,692 to close. Return on cash invested measures 39.94% and rental yield reads 14.66% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 210.94% and total cumulative return in cash totals $104,819.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,831/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1906
4,356 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: Brandt Minkler • MINKLER BRANDT
Mls Name: NY State MLS
Mls ID: #11355884