15 Cherry LnGansevoortNY12831
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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 15 Cherry Ln, Gansevoort, NY, 12831 priced at $189,900 converts $2,400/mo rent into $1,132/mo cash flow after a $929/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $13,588/yr on $62,952 invested. Return on cash invested prints 41.49% in year one, and rental yield reads 15.17% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 219.28% and total cumulative return in cash sums $138,041. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $929/mo payment, not borrower’s personal income.
Manufactured
Built in 2005
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: Colleen Cameron • Cartier Real Estate Group
Mls Name: NY State MLS
Mls ID: #11327133