1500 Mountain Spring RdWestportNY12993
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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 Westport at 1500 Mountain Spring Rd, Westport, NY, 12993 listed at $135,000 pairs $2,645/mo rent with a $661/mo payment to leave $1,743/mo cash flow. Total monthly income runs $2,645/mo, and annual cash flow reaches $20,919/yr on $44,753 cash to close. Return on cash invested measures 66.65% in year one, and rental yield registers 23.51% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 354.24% and total cumulative return in cash totals $158,533. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,645/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1850
12.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12993, Westport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 622 (50.4%) |
| Renter Occupied HU | 168 (13.6%) |
| Vacant Housing Units | 445 (36.0%) |
| Median Home Value | $325,161 |
| Average Home Value | $350,004 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
64
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Listed by: Susan Babcock • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204840
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.