3 Fay LnPlattsburghNY12901
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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 Plattsburgh at 3 Fay Ln, Plattsburgh, NY, 12901 offers a 8.03% rental yield on a $265,000 purchase with $1,773/mo rent. Total monthly income registers $1,773/mo, and a $1,297/mo payment leaves $3/mo available for distribution. Annual cash flow reaches $41/yr on $87,848 to close, and return on cash invested stands at 19.96% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 103.77% and total cumulative return in cash at $91,155. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,773/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12901, Plattsburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,633 (100%) |
| Owner Occupied HU | 7,410 (47.4%) |
| Renter Occupied HU | 6,668 (42.7%) |
| Vacant Housing Units | 1,555 ( 9.9%) |
| Median Home Value | $223,057 |
| Average Home Value | $266,878 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
13,116
Multi-Family
1,160
Businesses
1,684
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Listed by: Kira Witherwax • RE/MAX North Country
Mls Name: ACVMLS
Mls ID: #205956