276 Northern Pines 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
Investment property for sale in Gansevoort at 276 Northern Pines Road, Gansevoort, NY, 12831 offers a 8.53% rental yield on a $449,900 purchase with $3,198/mo rent. Total monthly income registers $3,198/mo, and a $2,202/mo payment leaves $194/mo available for distribution. Annual cash flow reaches $2,324/yr on $149,142 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 111.85% and total cumulative return in cash at $166,810. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,198/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.70 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: Shannon McCarthy • eXp Realty
Mls Name: Global MLS
Mls ID: #202524982