28 Prospect StreetFort EdwardNY12828
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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 Fort Edward at 28 Prospect Street, Fort Edward, NY, 12828 with 5% annual appreciation on a $169,000 basis while $1,306/mo rent supports operations. Total monthly income totals $1,306/mo and a $827/mo payment preserves $178/mo for cash returns. Annual cash flow comes to $2,131/yr on $56,024 deployed, and return on cash invested reaches 23.71% in year one. Equity gained on principal adds $1,091/yr, and five-year appreciation sums $46,692 alongside rental yield of 9.27%. Five-year ROI measures 123.93% and total cumulative return in cash totals $69,427.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,306/mo property income versus a $827/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12828, Fort Edward, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,986 (100%) |
| Owner Occupied HU | 2,674 (67.1%) |
| Renter Occupied HU | 998 (25.0%) |
| Vacant Housing Units | 314 ( 7.9%) |
| Median Home Value | $243,968 |
| Average Home Value | $287,952 |
Housing Distribution
Address Breakdown
Residential
4,163
Single Family
4,094
Multi-Family
69
Businesses
178
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Listed by: Charles B Goodridge • Julie & Co Realty LLC
Mls Name: Global MLS
Mls ID: #202610243