18 Luella RoadLathamNY12110
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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 Latham at 18 Luella Road, Latham, NY, 12110 generates $2,605/mo in rent and, after a $978/mo payment, leaves $1,271/mo in cash flow. Total monthly income is $2,605/mo, and annual cash flow is $15,246/yr on $66,267 invested. Return on cash invested sits at 42.92% in year one, and rental yield is 15.64% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 226.88% and total cumulative return in cash sums $150,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,605/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12110, Latham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,681 (100%) |
| Owner Occupied HU | 5,852 (67.4%) |
| Renter Occupied HU | 2,333 (26.9%) |
| Vacant Housing Units | 496 ( 5.7%) |
| Median Home Value | $353,860 |
| Average Home Value | $420,764 |
Housing Distribution
Address Breakdown
Residential
8,650
Single Family
8,047
Multi-Family
603
Businesses
1,521
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