381 French RdMorehouseNY13324
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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 Morehouse at 381 French Rd, Morehouse, NY, 13324 offers a 10.65% rental yield on a $323,100 purchase with $2,867/mo rent. Total monthly income registers $2,867/mo, and a $1,581/mo payment leaves $710/mo available for distribution. Annual cash flow reaches $8,518/yr on $107,108 to close, and return on cash invested stands at 27.86% in year one. Equity gained on principal adds $2,085/yr while 5% annual appreciation supports $89,267 over five years. Portfolio math shows five-year ROI at 146.12% and total cumulative return in cash at $156,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,867/mo property income against a $1,581/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13324, Cold Brook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 758 (47.5%) |
| Renter Occupied HU | 110 ( 6.9%) |
| Vacant Housing Units | 728 (45.6%) |
| Median Home Value | $223,711 |
| Average Home Value | $259,723 |
Housing Distribution
Address Breakdown
Residential
901
Single Family
901
Multi-Family
0
Businesses
20
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