231 Potter RoadGansevoortNY12831
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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 231 Potter Road, Gansevoort, NY, 12831 priced at $600,000 converts $4,195/mo rent into $188/mo cash flow after a $2,937/mo obligation. Total monthly income equals $4,195/mo, and annual cash flow totals $2,256/yr on $197,400 invested. Return on cash invested prints 21.2% in year one, and rental yield reads 8.39% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 110.39% and total cumulative return in cash sums $217,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,195/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 2008
3.07 Acres 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: Jessica Hauprich • Howard Hanna
Mls Name: Global MLS
Mls Provider:
Mls ID: #202514020
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker