12 Myrtle AvenueMonticelloNY12701
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
Investment Highlights
Rental property for sale in Monticello at 12 Myrtle Avenue, Monticello, NY, 12701 priced at $168,000 converts $1,331/mo rent into $209/mo cash flow after a $822/mo obligation. Total monthly income equals $1,331/mo, and annual cash flow totals $2,513/yr on $55,692 invested. Return on cash invested prints 24.42% in year one, and rental yield reads 9.51% against a $168,000 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation compiles into $46,415 by year five. Five-year ROI reaches 127.74% and total cumulative return in cash sums $71,141. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,331/mo property income covering a $822/mo payment, not borrower’s personal income.
Single Family
Built in 1940
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12701, Monticello, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,397 (100%) |
| Owner Occupied HU | 2,153 (25.6%) |
| Renter Occupied HU | 3,221 (38.4%) |
| Vacant Housing Units | 3,023 (36.0%) |
| Median Home Value | $262,260 |
| Average Home Value | $318,832 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,786
Multi-Family
1,072
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Haley Rieber • Rieber Realty Inc
Mls Name: OneKey MLS
Mls ID: #889683