1 Prince IsleHammondNY13646
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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 Hammond at 1 Prince Isle, Hammond, NY, 13646 priced at $424,999 converts $1,200/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 5.96% in year one, and rental yield reads 3.39% against a $424,999 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,419 by year five. Five-year ROI reaches 28.69% and total cumulative return in cash sums $40,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13646, Hammond, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,683 (100%) |
| Owner Occupied HU | 852 (31.8%) |
| Renter Occupied HU | 187 ( 7.0%) |
| Vacant Housing Units | 1,644 (61.3%) |
| Median Home Value | $167,500 |
| Average Home Value | $236,849 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,141
Multi-Family
12
Businesses
36
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Listed by: Shannon Davis • Cross Keys Real Estate LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #50973
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.