289 Picketts Corners RdSaranacNY12981
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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 Saranac at 289 Picketts Corners Rd, Saranac, NY, 12981 generates $2,550/mo in rent and, after a $1,713/mo payment, leaves $213/mo in cash flow. Total monthly income is $2,550/mo, and annual cash flow is $2,554/yr on $116,025 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 8.74% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 115.28% and total cumulative return in cash sums $133,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,550/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12981, Saranac, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,051 (64.9%) |
| Renter Occupied HU | 274 (16.9%) |
| Vacant Housing Units | 294 (18.2%) |
| Median Home Value | $187,090 |
| Average Home Value | $204,477 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
912
Multi-Family
21
Businesses
36
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