109 Maine RdPlattsburghNY12903
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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 Plattsburgh at 109 Maine Rd, Plattsburgh, NY, 12903 with 5% annual appreciation on a $245,000 basis while $2,774/mo rent supports operations. Total monthly income totals $2,774/mo and a $1,199/mo payment preserves $1,138/mo for cash returns. Annual cash flow comes to $13,657/yr on $81,218 deployed, and return on cash invested reaches 36.72% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 13.59%. Five-year ROI measures 193.72% and total cumulative return in cash totals $157,332.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,774/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1952
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12903, Plattsburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,092 (100%) |
| Owner Occupied HU | 517 (47.3%) |
| Renter Occupied HU | 486 (44.5%) |
| Vacant Housing Units | 89 ( 8.2%) |
| Median Home Value | $173,355 |
| Average Home Value | $223,883 |
Housing Distribution
Address Breakdown
Residential
1,012
Single Family
1,010
Multi-Family
2
Businesses
120
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Listed by: Michael Rowe • Kavanaugh Realty-Plattsburgh
Mls Name: ACVMLS
Mls ID: #204895