38 Walton StAlexandria BayNY13607
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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 Alexandria Bay at 38 Walton St, Alexandria Bay, NY, 13607 priced at $519,000 pairs $1,194/mo rent with after a $2,540/mo payment. Total monthly income equals $1,194/mo. Return on cash invested is 4.1% in year one, and rental yield stands at 2.76% on a $519,000 basis. Equity gained on principal adds $3,349/yr, and 5% annual appreciation accumulates to $143,390 by year five. Five-year ROI measures 18.67% and total cumulative return in cash reaches $31,881. For financing, Ziffy Mortgage’s DSCR program evaluates $1,194/mo property income against a $2,540/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13607, Alexandria Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,842 (100%) |
| Owner Occupied HU | 558 (30.3%) |
| Renter Occupied HU | 299 (16.2%) |
| Vacant Housing Units | 985 (53.5%) |
| Median Home Value | $235,795 |
| Average Home Value | $336,183 |
Housing Distribution
Address Breakdown
Residential
1,085
Single Family
1,000
Multi-Family
85
Businesses
186
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Listed by: Cathy F Garlock • Garlock Realty
Mls Name: NYSAMLSs
Mls ID: #S1642512