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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 47 Euclid Avenue, Albany, NY, 12203 priced at $350,000 converts $4,904/mo rent into $2,567/mo cash flow after a $1,713/mo obligation. Total monthly income equals $4,904/mo, and annual cash flow totals $30,802/yr on $116,025 invested. Return on cash invested prints 46.46% in year one, and rental yield reads 16.81% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 245.83% and total cumulative return in cash sums $285,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,904/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-03 | Listed for sale | $350,000 |
| 1997-02-20 | Sold | $125,000 |
| 1996-03-04 | Sold | $132,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | N/A | N/A | $210,000 | N/A |
| 2022-09-16 | N/A | N/A | $210,000 | N/A |
| 2021-09-16 | N/A | N/A | $210,000 | N/A |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1925
- Architectural Style: Colonial
- Building Area: 2,088
- Living Area: 2,088 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Whole House Fan
- Flooring: Carpet, Hardwood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, Driveway
Location
- City: Albany
- Subdivision: N/A
- Lot Size: 5,662 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Pine Hills
- Middle School: N/A
- High School: Albany
Listed by: Amanda Gould • Miuccio Real Estate Group
Mls Name: Global MLS
Mls Provider:
Mls ID: #202424636
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker