490 Ledge Hill RdWestportNY12993
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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 Westport at 490 Ledge Hill Rd, Westport, NY, 12993 with 5% annual appreciation on a $120,000 basis while $1,443/mo rent supports operations. Total monthly income totals $1,443/mo and a $587/mo payment preserves $642/mo for cash returns. Annual cash flow comes to $7,704/yr on $39,780 deployed, and return on cash invested reaches 39.28% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 14.43%. Five-year ROI measures 207.35% and total cumulative return in cash totals $82,483.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,443/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12993, Westport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 622 (50.4%) |
| Renter Occupied HU | 168 (13.6%) |
| Vacant Housing Units | 445 (36.0%) |
| Median Home Value | $325,161 |
| Average Home Value | $350,004 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
64
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Listed by: Sarah Stansbury • RE/MAX North Country
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202756
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.