115 Wallace Hill RdPlattsburghNY12901
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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 115 Wallace Hill Rd, Plattsburgh, NY, 12901 uses $61,328 cash to close to unlock $12,013/yr annual cash flow and $1,001/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $905/mo payment keeps the spread at $1,001/mo. Purchase price stands at $185,000, and rental yield measures 14.5% with $2,236/mo rent. Return on cash invested shows 39.5% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 208.59% and total cumulative return in cash records $127,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12901, Plattsburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,633 (100%) |
| Owner Occupied HU | 7,410 (47.4%) |
| Renter Occupied HU | 6,668 (42.7%) |
| Vacant Housing Units | 1,555 ( 9.9%) |
| Median Home Value | $223,057 |
| Average Home Value | $266,878 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
13,116
Multi-Family
1,160
Businesses
1,684
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Listed by: Sarah Cromie • RE/MAX North Country
Mls Name: ACVMLS
Mls ID: #205405