2 Harold DriveAltamontNY12009
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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 Altamont at 2 Harold Drive, Altamont, NY, 12009 earns $264/mo cash flow from $2,435/mo rent with a $1,591/mo payment. Total monthly income totals $2,435/mo, and annual cash flow totals $3,173/yr on $107,738 capital. ROI tracks 22.85% on current figures, and rental yield reads 8.99% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 119.29% and total cumulative return in cash sums $128,521. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,435/mo property income instead of your personal income.
Multi Family
Built in 1952
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12009, Altamont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,442 (66.3%) |
| Renter Occupied HU | 1,020 (27.7%) |
| Vacant Housing Units | 223 ( 6.1%) |
| Median Home Value | $397,480 |
| Average Home Value | $429,887 |
Housing Distribution
Address Breakdown
Residential
3,023
Single Family
2,862
Multi-Family
161
Businesses
168
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