87 S Main AvenueAlbanyNY12208
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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 Albany at 87 S Main Avenue, Albany, NY, 12208 offers a 5.97% rental yield on a $329,900 purchase with $1,642/mo rent. 75% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 70.46% and total cumulative return in cash at $77,055. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,642/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12208, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,175 (38.1%) |
| Renter Occupied HU | 5,550 (50.6%) |
| Vacant Housing Units | 1,238 (11.3%) |
| Median Home Value | $269,651 |
| Average Home Value | $313,159 |
Housing Distribution
Address Breakdown
Residential
10,053
Single Family
7,877
Multi-Family
2,176
Businesses
404
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