24 Mango WayGansevoortNY12831
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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
Investment property for sale in Gansevoort at 24 Mango Way, Gansevoort, NY, 12831 offers a 9.89% rental yield on a $269,000 purchase with $2,217/mo rent. Total monthly income registers $2,217/mo, and a $1,317/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,043/yr on $89,174 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 133.85% and total cumulative return in cash at $119,363. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,217/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2009
N/A 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: Tammy Kalker • SARATOGA EXCELSIOR GROUP LLC
Mls Name: NY State MLS
Mls ID: #11443120