9 John StreetSouth Glens FallsNY12803
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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 South Glens Falls at 9 John Street, South Glens Falls, NY, 12803 priced at $229,900 pairs $1,650/mo rent with $115/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,650/mo, and annual cash flow comes to $1,380/yr on $76,212 invested. Return on cash invested is 21.72% in year one, and rental yield stands at 8.61% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 113.26% and total cumulative return in cash reaches $86,315. For financing, Ziffy Mortgage’s DSCR program evaluates $1,650/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12803, South Glens Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 2,697 (58.4%) |
| Renter Occupied HU | 1,631 (35.3%) |
| Vacant Housing Units | 287 ( 6.2%) |
| Median Home Value | $228,997 |
| Average Home Value | $289,405 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
4,132
Multi-Family
193
Businesses
222
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Listed by: Kelli May • Better Way Realty
Mls Name: Global MLS
Mls ID: #202524998