73 Rand Hill RdMorrisonvilleNY12962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morrisonville at 73 Rand Hill Rd, Morrisonville, NY, 12962 priced at $277,500 pairs $2,382/mo rent with $529/mo cash flow after a $1,358/mo payment. Total monthly income equals $2,382/mo, and annual cash flow comes to $6,350/yr on $91,991 invested. Return on cash invested is 26.81% in year one, and rental yield stands at 10.3% on a $277,500 basis. Equity gained on principal adds $1,791/yr, and 5% annual appreciation accumulates to $76,668 by year five. Five-year ROI measures 140.53% and total cumulative return in cash reaches $129,280. For financing, Ziffy Mortgage’s DSCR program evaluates $2,382/mo property income against a $1,358/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12962, Morrisonville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,372 (100%) |
| Owner Occupied HU | 1,723 (72.6%) |
| Renter Occupied HU | 462 (19.5%) |
| Vacant Housing Units | 187 ( 7.9%) |
| Median Home Value | $248,430 |
| Average Home Value | $265,322 |
Housing Distribution
Address Breakdown
Residential
2,166
Single Family
2,117
Multi-Family
49
Businesses
66
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Listed by: Scott Tetreault • Century 21 The One
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204521
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.