847 Jay StreetAlbanyNY12203
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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
Rental property for sale in Albany at 847 Jay Street, Albany, NY, 12203 offers $1,637/mo rent that, after a $1,317/mo payment. Total monthly income is $1,637/mo. Return on cash invested measures 17.76% in year one, and rental yield stands at 7.3% at a $269,000 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,320 by year five. Five-year ROI records 91.99% and total cumulative return in cash reaches $82,031. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,637/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1938
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12203, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,698 (100%) |
| Owner Occupied HU | 6,369 (43.3%) |
| Renter Occupied HU | 6,571 (44.7%) |
| Vacant Housing Units | 1,758 (12.0%) |
| Median Home Value | $294,068 |
| Average Home Value | $333,087 |
Housing Distribution
Address Breakdown
Residential
13,294
Single Family
10,497
Multi-Family
2,797
Businesses
1,260
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