1 Elinor PlaceLathamNY12110
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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 Latham at 1 Elinor Place, Latham, NY, 12110 offers $1,885/mo rent that, after a $1,297/mo payment, leaves $116/mo cash flow. Total monthly income is $1,885/mo, and annual cash flow is $1,387/yr on $87,814 cash. Return on cash invested measures 21.49% in year one, and rental yield stands at 8.54% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 111.97% and total cumulative return in cash reaches $98,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,885/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12110, Latham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,681 (100%) |
| Owner Occupied HU | 5,852 (67.4%) |
| Renter Occupied HU | 2,333 (26.9%) |
| Vacant Housing Units | 496 ( 5.7%) |
| Median Home Value | $353,860 |
| Average Home Value | $420,764 |
Housing Distribution
Address Breakdown
Residential
8,650
Single Family
8,047
Multi-Family
603
Businesses
1,521
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