288 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
Rental property for sale in Gansevoort at 288 Northern Pines Road, Gansevoort, NY, 12831 generates $3,336/mo in rent and, after a $2,080/mo payment, leaves $498/mo in cash flow. Total monthly income is $3,336/mo, and annual cash flow is $5,977/yr on $140,888 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 9.42% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 126.27% and total cumulative return in cash sums $177,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,336/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.72 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: Christopher Maley • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls ID: #202611212