402 Wallace Hill 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
Rental property for sale in Plattsburgh at 402 Wallace Hill Rd, Plattsburgh, NY, 12901 offers $2,362/mo rent that, after a $1,713/mo payment, leaves $25/mo cash flow. Total monthly income is $2,362/mo, and annual cash flow is $300/yr on $115,992 cash. Return on cash invested measures 20.17% in year one, and rental yield stands at 8.1% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 104.91% and total cumulative return in cash reaches $121,686. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,362/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.55 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: Andrew Castine • Castine Properties
Mls Name: ACVMLS
Mls ID: #206420