29 Meyers StreetTiconderogaNY12883
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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 Ticonderoga at 29 Meyers Street, Ticonderoga, NY, 12883 priced at $138,330 converts $1,042/mo rent into $118/mo cash flow after a $677/mo obligation. Total monthly income equals $1,042/mo, and annual cash flow totals $1,420/yr on $45,856 invested. Return on cash invested prints 23% in year one, and rental yield reads 9.04% against a $138,330 entry. Equity gained on principal adds $893/yr, while 5% annual appreciation compiles into $38,218 by year five. Five-year ROI reaches 120.14% and total cumulative return in cash sums $55,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,042/mo property income covering a $677/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12883, Ticonderoga, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,901 (100%) |
| Owner Occupied HU | 1,487 (51.3%) |
| Renter Occupied HU | 614 (21.2%) |
| Vacant Housing Units | 800 (27.6%) |
| Median Home Value | $199,316 |
| Average Home Value | $254,573 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,079
Multi-Family
90
Businesses
175
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Listed by: Sara Gallipo-Sammis • Century 21 - Adirondacks
Mls Name: Global MLS
Mls ID: #202524691