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Cap Rate Analysis: Gloversville, NY

Investment metrics, interactive calculators, and data-driven analysis for Gloversville rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $205,000 median price and $1,100/mo median rent
Est. Cap Rate
3.52%
1% Rule
0.54%
Fails
GRM
15.5x
Price / Income
4.7x

Market Data

Median Home Price$205,000
Median Monthly Rent$1,100
Property Tax Rate1.71%
Population50,000
Population Growth0% / yr
Median Household Income$43,975
Vacancy Rate6.3%
Annual Appreciation2.1%

Cap Rate Calculator — Gloversville

Pre-filled with Gloversville medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.71% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.77%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$5,672
net operating income
Gross Rent Multiplier
15.5x
High (>15)
1% Rule
0.54%
✗ Fails
Monthly Cash Flow
$473
before debt service
Annual Breakdown
Gross Rental Income$13,200
Less Vacancy−$832
Effective Income$12,368
Less Operating Expenses−$6,696
Net Operating Income$5,672
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Cash-on-Cash Return — Gloversville

Factor in financing to see your actual return on invested capital in Gloversville.

$
$51,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-7.62%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$57,400
$51,250 down + $6,150 closing
Monthly Mortgage
$1,002
on $154K loan
Monthly Cash Flow
$-364
after all expenses
Annual Cash Flow
$-4,372
before taxes
Cash Flow Breakdown
Monthly Rent$1,100
Less Expenses−$462
Less Mortgage−$1,002
Monthly Cash Flow$-364

Is Gloversville a Good Place to Invest in Rental Property?

Gloversville, NY has a population of 50,000 and has been growing at 0% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $205,000 paired with median rents of $1,100/mo produces an estimated cap rate of 3.52%.

Property taxes at 1.71% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.3% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.7x, homes cost about 4.7 times the local median income of $43,975. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.1% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Gloversville is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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