355 Tom Miller RdPlattsburghNY12901
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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 355 Tom Miller Rd, Plattsburgh, NY, 12901 uses $96,135 cash to close to unlock $4,426/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $2,305/mo, and a $1,419/mo payment keeps the spread at $369/mo. Purchase price stands at $290,000, and rental yield measures 9.54% with $2,305/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 128.17% and total cumulative return in cash records $123,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,305/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1916
2.30 Acres 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: James Jock • eXp Realty-Schenectady
Mls Name: ACVMLS
Mls ID: #205587