659 Salmon River 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
Investment property for sale in Plattsburgh at 659 Salmon River Rd, Plattsburgh, NY, 12901 listed at $160,000 pairs $1,284/mo rent with a $783/mo payment to leave $216/mo cash flow. Total monthly income runs $1,284/mo, and annual cash flow reaches $2,588/yr on $53,040 cash to close. Return on cash invested measures 24.79% in year one, and rental yield registers 9.63% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 129.66% and total cumulative return in cash totals $68,774. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,284/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2004
0.90 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: Barbara Supernault • Country Road Realty
Mls Name: ACVMLS
Mls ID: #205906