83 Fremont StreetGloversvilleNY12078
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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 83 Fremont Street, Gloversville, NY, 12078 listed at $124,900 pairs $1,603/mo rent with a $611/mo payment to leave $769/mo cash flow. Total monthly income runs $1,603/mo, and annual cash flow reaches $9,231/yr on $41,404 cash to close. Return on cash invested measures 42.2% in year one, and rental yield registers 15.4% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 223.1% and total cumulative return in cash totals $92,374. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,603/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
5,662 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: Kellie S Nevins • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202529928