7 Smith StGloversvilleNY12078
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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 Gloversville at 7 Smith St, Gloversville, NY, 12078 priced at $157,900 pairs $1,663/mo rent with $608/mo cash flow after a $773/mo payment. Total monthly income equals $1,663/mo, and annual cash flow comes to $7,301/yr on $52,344 invested. Return on cash invested is 33.86% in year one, and rental yield stands at 12.64% on a $157,900 basis. Equity gained on principal adds $1,019/yr, and 5% annual appreciation accumulates to $43,625 by year five. Five-year ROI measures 178.32% and total cumulative return in cash reaches $93,338. For financing, Ziffy Mortgage’s DSCR program evaluates $1,663/mo property income against a $773/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
5,227 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: Christopher Maley • Miranda Real Estate Group, Inc
Mls Name: NY State MLS
Mls ID: #11609855