178 Slate Hill RdChathamNY12037
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 Chatham at 178 Slate Hill Rd, Chatham, NY, 12037 priced at $1,245,000 pairs $8,383/mo rent with $69/mo cash flow after a $6,094/mo payment. Total monthly income equals $8,383/mo, and annual cash flow comes to $825/yr on $403,380 invested. Return on cash invested is 20.57% in year one, and rental yield stands at 8.08% on a $1,245,000 basis. Equity gained on principal adds $8,034/yr, and 5% annual appreciation accumulates to $343,971 by year five. Five-year ROI measures 106.97% and total cumulative return in cash reaches $431,476. For financing, Ziffy Mortgage’s DSCR program evaluates $8,383/mo property income against a $6,094/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
33.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12037, Chatham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,296 (100%) |
| Owner Occupied HU | 1,290 (56.2%) |
| Renter Occupied HU | 609 (26.5%) |
| Vacant Housing Units | 397 (17.3%) |
| Median Home Value | $375,646 |
| Average Home Value | $500,101 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,571
Multi-Family
220
Businesses
264
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Listed by: Nikki Carchedi • STONE HOUSE PROPERTIES, LLC
Mls Name: BCMLS
Mls Provider:
Mls ID: #242733
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Berkshire County Board of Realtors and the Broker Reciprocity Program. Copyright 2024 Berkshire County Board of Realtors. All rights reserved.