10 Leander LnMorrisonvilleNY12962
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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 Morrisonville at 10 Leander Ln, Morrisonville, NY, 12962 earns $164/mo cash flow from $2,335/mo rent with a $1,591/mo payment. Total monthly income totals $2,335/mo, and annual cash flow totals $1,973/yr on $107,738 capital. ROI tracks 21.74% on current figures, and rental yield reads 8.62% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 113.32% and total cumulative return in cash sums $122,089. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,335/mo property income instead of your personal income.
Single Family
Built in 1987
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12962, Morrisonville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,372 (100%) |
| Owner Occupied HU | 1,723 (72.6%) |
| Renter Occupied HU | 462 (19.5%) |
| Vacant Housing Units | 187 ( 7.9%) |
| Median Home Value | $248,430 |
| Average Home Value | $265,322 |
Housing Distribution
Address Breakdown
Residential
2,166
Single Family
2,117
Multi-Family
49
Businesses
66
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Listed by: Nicholas Buccellato • RE/MAX North Country
Mls Name: ACVMLS
Mls ID: #205410