8 2nd StAlexandria BayNY13607
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play8 2nd St, Alexandria Bay, NY, 13607 in Alexandria Bay is priced for appreciation, not yield. Rental yield 5.63%. At $230,000 with a 5.63% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $63,545 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.04) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $58,378.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(456) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $1,444 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
6,912 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13607, Alexandria Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,842 (100%) |
| Owner Occupied HU | 558 (30.3%) |
| Renter Occupied HU | 299 (16.2%) |
| Vacant Housing Units | 985 (53.5%) |
| Median Home Value | $235,795 |
| Average Home Value | $336,183 |
Housing Distribution
Address Breakdown
Residential
1,085
Single Family
1,000
Multi-Family
85
Businesses
186
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
Single Family
Built in 1900
6,912 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13607, Alexandria Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,842 (100%) |
| Owner Occupied HU | 558 (30.3%) |
| Renter Occupied HU | 299 (16.2%) |
| Vacant Housing Units | 985 (53.5%) |
| Median Home Value | $235,795 |
| Average Home Value | $336,183 |
Housing Distribution
Address Breakdown
Residential
1,085
Single Family
1,000
Multi-Family
85
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Desiree Roberts • Lake Ontario Realty, LLC
Mls Name: NYSAMLSs
Mls ID: #S1662451