37 Reid StreetFort 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 37 Reid Street, Fort plain, NY, 13339 priced at $110,000 converts $860/mo rent into $126/mo cash flow after a $538/mo obligation. Total monthly income equals $860/mo, and annual cash flow totals $1,510/yr on $36,465 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 9.38% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 125.68% and total cumulative return in cash sums $45,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $860/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.54 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: Cindy Jacksland • Krutz Properties, LLC
Mls Name: Global MLS
Mls ID: #202529354