23 Merrilee LnKeesevilleNY12944
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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 Keeseville at 23 Merrilee Ln, Keeseville, NY, 12944 priced at $523,000 converts $3,190/mo rent into after a $2,560/mo obligation. Total monthly income equals $3,190/mo. Return on cash invested prints 17.95% in year one, and rental yield reads 7.32% against a $523,000 entry. Equity gained on principal adds $3,375/yr, while 5% annual appreciation compiles into $144,495 by year five. Five-year ROI reaches 92.97% and total cumulative return in cash sums $159,965. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,190/mo property income covering a $2,560/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12944, Keeseville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,563 (100%) |
| Owner Occupied HU | 1,533 (59.8%) |
| Renter Occupied HU | 499 (19.5%) |
| Vacant Housing Units | 531 (20.7%) |
| Median Home Value | $280,529 |
| Average Home Value | $360,256 |
Housing Distribution
Address Breakdown
Residential
1,780
Single Family
1,730
Multi-Family
50
Businesses
105
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Listed by: Cathleen Fountain • Adirondack Premier Properties Berkshire Hathaway HomeService
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202034
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.