255 Cold Springs RdNorth BangorNY12966
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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 North Bangor at 255 Cold Springs Rd, North Bangor, NY, 12966 generates $1,074/mo in rent and, after a $685/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $1,674/yr on $46,377 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 9.21% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 122.89% and total cumulative return in cash sums $56,991. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
5.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12966, North Bangor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,393 (100%) |
| Owner Occupied HU | 935 (67.1%) |
| Renter Occupied HU | 217 (15.6%) |
| Vacant Housing Units | 241 (17.3%) |
| Median Home Value | $147,538 |
| Average Home Value | $263,674 |
Housing Distribution
Address Breakdown
Residential
1,191
Single Family
1,172
Multi-Family
19
Businesses
32
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Listed by: Craig Garrow • Marshall Realty & Associates
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203835
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.