6693 State Highway 5Fort plainNY13339
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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 plain at 6693 State Highway 5, Fort plain, NY, 13339 generates $1,541/mo in rent and, after a $978/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,541/mo, and annual cash flow is $2,478/yr on $66,267 invested. Return on cash invested sits at 23.65% in year one, and rental yield is 9.25% 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 123.57% and total cumulative return in cash sums $81,889. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,541/mo property income rather than buyer’s personal income.
Manufactured
Built in 1960
6.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13339, Fort Plain, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,768 (100%) |
| Owner Occupied HU | 1,763 (63.7%) |
| Renter Occupied HU | 648 (23.4%) |
| Vacant Housing Units | 357 (12.9%) |
| Median Home Value | $133,053 |
| Average Home Value | $195,156 |
Housing Distribution
Address Breakdown
Residential
2,596
Single Family
2,560
Multi-Family
36
Businesses
146
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Listed by: Wayne A Newcomb, Jr. • Newcomb Realty Group LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202430628
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker