289 Powell RdGrand GorgeNY12434
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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 Grand Gorge at 289 Powell Rd, Grand Gorge, NY, 12434 offers a 9.99% rental yield on a $329,000 purchase with $2,738/mo rent. Total monthly income registers $2,738/mo, and a $1,610/mo payment leaves $541/mo available for distribution. Annual cash flow reaches $6,495/yr on $109,064 to close, and return on cash invested stands at 25.86% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 135.45% and total cumulative return in cash at $147,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,738/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Lisa Gambella • WINDSTAR REALTY GROUP LLC
Mls Name: My State MLS
Mls ID: #11544167