291 Canal StFort PlainNY13339
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
Investment Highlights
Rental property for sale in Fort Plain at 291 Canal St, Fort Plain, NY, 13339 generates $1,981/mo in rent and, after a $1,366/mo payment, leaves $117/mo in cash flow. Total monthly income is $1,981/mo, and annual cash flow is $1,409/yr on $92,489 invested. Return on cash invested sits at 21.43% in year one, and rental yield is 8.52% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 111.67% and total cumulative return in cash sums $103,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,981/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13339, Fort Plain, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,768 (100%) |
| Owner Occupied HU | 1,763 (63.7%) |
| Renter Occupied HU | 648 (23.4%) |
| Vacant Housing Units | 357 (12.9%) |
| Median Home Value | $133,053 |
| Average Home Value | $195,156 |
Housing Distribution
Address Breakdown
Residential
2,596
Single Family
2,560
Multi-Family
36
Businesses
146
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Euler • EULER RICHARD R
Mls Name: NY State MLS
Mls ID: #11236694