183 Eastern Union TurnpikeAverill ParkNY12018
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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 Averill Park at 183 Eastern Union Turnpike, Averill Park, NY, 12018 uses $82,875 cash to close to unlock $4,250/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $2,024/mo, and a $1,224/mo payment keeps the spread at $354/mo. Purchase price stands at $250,000, and rental yield measures 9.72% with $2,024/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 131.04% and total cumulative return in cash records $108,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1951
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12018, Averill Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,597 (100%) |
| Owner Occupied HU | 2,676 (74.4%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 389 (10.8%) |
| Median Home Value | $350,461 |
| Average Home Value | $386,443 |
Housing Distribution
Address Breakdown
Residential
3,116
Single Family
3,116
Multi-Family
0
Businesses
98
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Listed by: Dina A Fitzpatrick • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202523468