15 Kevin LaneEast DurhamNY12423
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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 East Durham at 15 Kevin Lane, East Durham, NY, 12423 with 5% annual appreciation on a $150,000 basis while $1,205/mo rent supports operations. Total monthly income totals $1,205/mo and a $734/mo payment preserves $204/mo for cash returns. Annual cash flow comes to $2,442/yr on $49,725 deployed, and return on cash invested reaches 24.82% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.64%. Five-year ROI measures 129.87% and total cumulative return in cash totals $64,578.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,205/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2012
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12423, East Durham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 704 (100%) |
| Owner Occupied HU | 392 (55.7%) |
| Renter Occupied HU | 105 (14.9%) |
| Vacant Housing Units | 207 (29.4%) |
| Median Home Value | $253,571 |
| Average Home Value | $320,325 |
Housing Distribution
Address Breakdown
Residential
490
Single Family
490
Multi-Family
0
Businesses
36
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Listed by: Claudia Zucker • Living Structures
Mls Name: HVCRMLS
Mls ID: #20255664