39 Spruce StChamplainNY12919
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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 Champlain at 39 Spruce St, Champlain, NY, 12919 uses $46,410 cash to close to unlock $1,792/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,084/mo, and a $685/mo payment keeps the spread at $149/mo. Purchase price stands at $140,000, and rental yield measures 9.29% with $1,084/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 124.26% and total cumulative return in cash records $57,670. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,084/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12919, Champlain, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 971 (59.5%) |
| Renter Occupied HU | 380 (23.3%) |
| Vacant Housing Units | 281 (17.2%) |
| Median Home Value | $205,569 |
| Average Home Value | $403,167 |
Housing Distribution
Address Breakdown
Residential
1,265
Single Family
1,265
Multi-Family
0
Businesses
260
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Listed by: Michael Rowe • Kavanaugh Realty-Plattsburgh
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204661
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.