34 Harris Point WayTiconderogaNY12883
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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 34 Harris Point Way, Ticonderoga, NY, 12883 priced at $149,900 converts $1,164/mo rent into $163/mo cash flow after a $734/mo obligation. Total monthly income equals $1,164/mo, and annual cash flow totals $1,952/yr on $49,692 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 9.32% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 124.61% and total cumulative return in cash sums $61,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,164/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.59 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: Samantha Seymour • Coldwell Banker Whitbeck Assoc. Plattsburgh
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204281
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.