100 Bally Bay LaneAltamontNY12009
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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 Altamont at 100 Bally Bay Lane, Altamont, NY, 12009 offers $2,844/mo rent that, after a $2,936/mo payment. Total monthly income is $2,844/mo. Return on cash invested measures 13% in year one, and rental yield stands at 5.69% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 66.41% and total cumulative return in cash reaches $131,068. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,844/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
45.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12009, Altamont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,442 (66.3%) |
| Renter Occupied HU | 1,020 (27.7%) |
| Vacant Housing Units | 223 ( 6.1%) |
| Median Home Value | $397,480 |
| Average Home Value | $429,887 |
Housing Distribution
Address Breakdown
Residential
3,023
Single Family
2,862
Multi-Family
161
Businesses
168
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