289 Powell RdGrand GorgeNY12434
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 289 Powell Rd, Grand Gorge, NY, 12434 in Grand Gorge is listed at $329,000 and delivers $2,738/mo in rent and $541/mo in net monthly cash flow. The 9.99% yield and 1.85 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $90,897 over five years, and $3,030/yr in principal reduction supplements cash return. Total projected cumulative return: $160,331.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $541 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,738 |
| Total Monthly Debt Service | $2,066 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2005
22.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12434, Grand Gorge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 218 (54.0%) |
| Renter Occupied HU | 55 (13.6%) |
| Vacant Housing Units | 131 (32.4%) |
| Median Home Value | $250,000 |
| Average Home Value | $267,477 |
Housing Distribution
Address Breakdown
Residential
65
Single Family
43
Multi-Family
22
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2005
22.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12434, Grand Gorge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 218 (54.0%) |
| Renter Occupied HU | 55 (13.6%) |
| Vacant Housing Units | 131 (32.4%) |
| Median Home Value | $250,000 |
| Average Home Value | $267,477 |
Housing Distribution
Address Breakdown
Residential
65
Single Family
43
Multi-Family
22
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Gambella • WINDSTAR REALTY GROUP LLC
Mls Name: My State MLS
Mls ID: #11544167