48 Maine RdPlattsburghNY12903
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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 48 Maine Rd, Plattsburgh, NY, 12903 generates $1,563/mo in rent and, after a $978/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,563/mo, and annual cash flow is $2,742/yr on $66,267 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 9.38% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 125.71% and total cumulative return in cash sums $83,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,563/mo property income rather than buyer’s personal income.
Townhouse
Built in 1952
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12903, Plattsburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,092 (100%) |
| Owner Occupied HU | 517 (47.3%) |
| Renter Occupied HU | 486 (44.5%) |
| Vacant Housing Units | 89 ( 8.2%) |
| Median Home Value | $173,355 |
| Average Home Value | $223,883 |
Housing Distribution
Address Breakdown
Residential
1,012
Single Family
1,010
Multi-Family
2
Businesses
120
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Listed by: Ryan Barcomb • RE/MAX North Country
Mls Name: ACVMLS
Mls ID: #206269