131 Mercer Mountain RoadEast ChathamNY12060
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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 East Chatham at 131 Mercer Mountain Road, East Chatham, NY, 12060 priced at $789,000 converts $6,325/mo rent into $1,056/mo cash flow after a $3,862/mo obligation. Total monthly income equals $6,325/mo, and annual cash flow totals $12,671/yr on $259,581 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 9.62% against a $789,000 entry. Equity gained on principal adds $5,091/yr, while 5% annual appreciation compiles into $217,986 by year five. Five-year ROI reaches 130.43% and total cumulative return in cash sums $338,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,325/mo property income covering a $3,862/mo payment, not borrower’s personal income.
Single Family
Built in 1988
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12060, East Chatham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 517 (60.4%) |
| Renter Occupied HU | 121 (14.1%) |
| Vacant Housing Units | 218 (25.5%) |
| Median Home Value | $408,252 |
| Average Home Value | $565,382 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
647
Multi-Family
0
Businesses
35
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Listed by: Deborah Smith • Coldwell Banker Prime
Mls Name: HVCRMLS
Mls ID: #20254642