56 Mechanic StreetFort EdwardNY12828
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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 Fort Edward at 56 Mechanic Street, Fort Edward, NY, 12828 priced at $119,000 converts $1,782/mo rent into $988/mo cash flow after a $582/mo obligation. Total monthly income equals $1,782/mo, and annual cash flow totals $11,853/yr on $39,449 invested. Return on cash invested prints 49.96% in year one, and rental yield reads 17.97% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 264.63% and total cumulative return in cash sums $104,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,782/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12828, Fort Edward, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,986 (100%) |
| Owner Occupied HU | 2,674 (67.1%) |
| Renter Occupied HU | 998 (25.0%) |
| Vacant Housing Units | 314 ( 7.9%) |
| Median Home Value | $243,968 |
| Average Home Value | $287,952 |
Housing Distribution
Address Breakdown
Residential
4,163
Single Family
4,094
Multi-Family
69
Businesses
178
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Listed by: Krista Polumbo • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202521355