121 Main StPhilmontNY12565
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 Philmont at 121 Main St, Philmont, NY, 12565 offers $3,348/mo rent that, after a $1,689/mo payment, leaves $1,044/mo cash flow. Total monthly income is $3,348/mo, and annual cash flow is $12,525/yr on $114,368 cash. Return on cash invested measures 30.86% in year one, and rental yield stands at 11.65% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 162.21% and total cumulative return in cash reaches $185,512. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,348/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1890
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12565, Philmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 495 (100%) |
| Owner Occupied HU | 211 (42.6%) |
| Renter Occupied HU | 201 (40.6%) |
| Vacant Housing Units | 83 (16.8%) |
| Median Home Value | $223,611 |
| Average Home Value | $345,557 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
1
Multi-Family
32
Businesses
52
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