70 6th AvenueGloversvilleNY12078
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
Investment Highlights
Investment property for sale in Gloversville at 70 6th Avenue, Gloversville, NY, 12078 at $139,000 posts ROI 35.9% with $614/mo cash flow from $1,542/mo rent. Total monthly income equals $1,542/mo, and annual cash flow records $7,369/yr on $46,079 to close. Return on cash invested measures 35.9% and rental yield reads 13.31% at the current $139,000. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 by year five. Five-year ROI prints 189.35% and total cumulative return in cash totals $87,248.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,542/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
4,791 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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Nearby investment properties with comparable prices
Listed by: Christine A Gerber • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls ID: #202531254