129 Main Street #E8CornwallNY12518
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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
Investment property for sale in Cornwall at 129 Main Street #E8, Cornwall, NY, 12518 uses $85,527 cash to close to unlock $4,211/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $2,074/mo, and a $1,263/mo payment keeps the spread at $351/mo. Purchase price stands at $258,000, and rental yield measures 9.65% with $2,074/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 129.88% and total cumulative return in cash records $111,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,074/mo property income covering a $1,263/mo payment rather than investor’s personal income.
Condo
Built in 1973
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12518, Cornwall, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 1,695 (62.1%) |
| Renter Occupied HU | 885 (32.4%) |
| Vacant Housing Units | 151 ( 5.5%) |
| Median Home Value | $482,821 |
| Average Home Value | $545,888 |
Housing Distribution
Address Breakdown
Residential
2,296
Single Family
1,997
Multi-Family
299
Businesses
266
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