3 Palmer TerraceGansevoortNY12831
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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 Gansevoort at 3 Palmer Terrace, Gansevoort, NY, 12831 listed at $399,900 pairs $2,826/mo rent with a $1,957/mo payment to leave $156/mo cash flow. Total monthly income runs $2,826/mo, and annual cash flow reaches $1,870/yr on $132,567 cash to close. Return on cash invested measures 21.32% in year one, and rental yield registers 8.48% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 111.04% and total cumulative return in cash totals $147,200. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,826/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12831, Gansevoort, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,064 (100%) |
| Owner Occupied HU | 5,936 (73.6%) |
| Renter Occupied HU | 1,688 (20.9%) |
| Vacant Housing Units | 440 ( 5.5%) |
| Median Home Value | $384,945 |
| Average Home Value | $429,250 |
Housing Distribution
Address Breakdown
Residential
7,143
Single Family
6,905
Multi-Family
238
Businesses
258
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Listed by: Shayna L Goodson • Find Advisors
Mls Name: Global MLS
Mls ID: #202527082