1 Elm StGansevoortNY12831
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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 Gansevoort at 1 Elm St, Gansevoort, NY, 12831 offers $1,807/mo rent that, after a $1,273/mo payment, leaves $70/mo cash flow. Total monthly income is $1,807/mo, and annual cash flow is $844/yr on $86,190 cash. Return on cash invested measures 20.89% in year one, and rental yield stands at 8.34% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 108.77% and total cumulative return in cash reaches $93,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,807/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12831, Gansevoort, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 5,936 (73.6%) |
| Renter Occupied HU | 1,688 (20.9%) |
| Vacant Housing Units | 440 ( 5.5%) |
| Median Home Value | $384,945 |
| Average Home Value | $429,250 |
Housing Distribution
Address Breakdown
Residential
7,143
Single Family
6,905
Multi-Family
238
Businesses
258
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Listed by: Tammy Kalker • SARATOGA EXCELSIOR GROUP LLC
Mls Name: NY State MLS
Mls ID: #11559864