ZIP Code: 12953 City: Malone County: Franklin State: NY
Appreciation Rate: 9.39% for the last five years. This is number 7,148 in appreciation investment rank, out of 28,107 U.S. ZIP codes. $100,000 invested, at this rate, in 2001 would be $146,950 today.
House Price:$85,094 is the current average. The nationwide average is $262,000. Banks expect house debt payments to be under 30% of earnings and rent.
Rent: medians are, $408.80 for one bedroom, $491.50 for two bedrooms, $491.50 for three bedrooms, and $729.25 for four bedrooms.
Vacancy Rate: 8.26% for residential housing. Expect 30 days vacant and $558 lost when a rental property is vacated.
Housing Inventory: is 5,518 properties. Over 500 properties means real estate investment is more predictable. Under 500 properties means more risk and more opportunity.
Rental Income: Ranks 12,999 out of 28,107 ZIP Codes. The rent cashflow value is $78.85 per month per 2.5 bedroom property (10% downpayment and 6.5% mortgage rate).
Investment Grades
Capital appreciation: Voletus grade is B. It ranks 10,703 out of 28,107 ZIP Codes for total cash return.
Rent Income: Voletus grade is C+. It ranks 12,999 out of 28,107 ZIP Codes for rental income.