1799 Route 22bMorrisonvilleNY12962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1799 Route 22b, Morrisonville, NY, 12962 with 5% annual appreciation on a $195,500 basis while $2,686/mo rent supports operations. Total monthly income totals $2,686/mo and a $957/mo payment preserves $1,380/mo for cash returns. Annual cash flow comes to $16,564/yr on $64,808 deployed, and return on cash invested reaches 45.47% in year one. Equity gained on principal adds $1,262/yr, and five-year appreciation sums $54,013 alongside rental yield of 16.49%. Five-year ROI measures 240.58% and total cumulative return in cash totals $155,915.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,686/mo property income versus a $957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victoria Mowry • Coldwell Banker Whitbeck Assoc. Plattsburgh
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202150
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.