18 Summit AvenueMonticelloNY12701
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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 Monticello at 18 Summit Avenue, Monticello, NY, 12701 priced at $268,000 pairs $1,827/mo rent with $37/mo cash flow after a $1,312/mo payment. Total monthly income equals $1,827/mo, and annual cash flow comes to $445/yr on $88,842 invested. Return on cash invested is 20.41% in year one, and rental yield stands at 8.18% on a $268,000 basis. Equity gained on principal adds $1,729/yr, and 5% annual appreciation accumulates to $74,043 by year five. Five-year ROI measures 106.23% and total cumulative return in cash reaches $94,377. For financing, Ziffy Mortgage’s DSCR program evaluates $1,827/mo property income against a $1,312/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12701, Monticello, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,397 (100%) |
| Owner Occupied HU | 2,153 (25.6%) |
| Renter Occupied HU | 3,221 (38.4%) |
| Vacant Housing Units | 3,023 (36.0%) |
| Median Home Value | $262,260 |
| Average Home Value | $318,832 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,786
Multi-Family
1,072
Businesses
707
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Listed by: David Katina • ESTMAX REALTY
Mls Name: OneKey MLS
Mls ID: #893536