238 Lyons RdPlattsburghNY12901
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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 Plattsburgh at 238 Lyons Rd, Plattsburgh, NY, 12901 priced at $285,000 converts $2,480/mo rent into $577/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,480/mo, and annual cash flow totals $6,921/yr on $94,478 invested. Return on cash invested prints 27.23% in year one, and rental yield reads 10.44% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 142.78% and total cumulative return in cash sums $134,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,480/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Manufactured
Built in 2008
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12901, Plattsburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,633 (100%) |
| Owner Occupied HU | 7,410 (47.4%) |
| Renter Occupied HU | 6,668 (42.7%) |
| Vacant Housing Units | 1,555 ( 9.9%) |
| Median Home Value | $223,057 |
| Average Home Value | $266,878 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
13,116
Multi-Family
1,160
Businesses
1,684
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Listed by: Alec Currier • Century 21 The One
Mls Name: ACVMLS
Mls ID: #206457