21 Highland TerraceFort PlainNY13339
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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 Fort Plain at 21 Highland Terrace, Fort Plain, NY, 13339 offers $1,140/mo rent that, after a $578/mo payment, leaves $352/mo cash flow. Total monthly income is $1,140/mo, and annual cash flow is $4,219/yr on $39,117 cash. Return on cash invested measures 30.69% in year one, and rental yield stands at 11.59% at a $118,000 entry. Equity gained on principal adds $761/yr while 5% annual appreciation compounds into $32,601 by year five. Five-year ROI records 161.37% and total cumulative return in cash reaches $63,123. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13339, Fort Plain, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,768 (100%) |
| Owner Occupied HU | 1,763 (63.7%) |
| Renter Occupied HU | 648 (23.4%) |
| Vacant Housing Units | 357 (12.9%) |
| Median Home Value | $133,053 |
| Average Home Value | $195,156 |
Housing Distribution
Address Breakdown
Residential
2,596
Single Family
2,560
Multi-Family
36
Businesses
146
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Listed by: Patrick Dunn • KW Platform
Mls Name: HVCRMLS
Mls ID: #20255837