2 Locust StreetChathamNY12037
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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 Chatham at 2 Locust Street, Chatham, NY, 12037 offers $3,912/mo rent that, after a $2,349/mo payment, leaves $707/mo cash flow. Total monthly income is $3,912/mo, and annual cash flow is $8,484/yr on $159,120 cash. Return on cash invested measures 25.24% in year one, and rental yield stands at 9.78% at a $480,000 entry. Equity gained on principal adds $3,097/yr while 5% annual appreciation compounds into $132,615 by year five. Five-year ROI records 132.06% and total cumulative return in cash reaches $210,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,912/mo property income versus a $2,349/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1863
0.74 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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