2 Romney WayCottekillNY12419
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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 Cottekill at 2 Romney Way, Cottekill, NY, 12419 generates $6,229/mo in rent and, after a $4,160/mo payment, leaves $553/mo in cash flow. Total monthly income is $6,229/mo, and annual cash flow is $6,638/yr on $279,650 invested. Return on cash invested sits at 22.43% in year one, and rental yield is 8.79% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 117% and total cumulative return in cash sums $327,202. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,229/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12419, Cottekill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 327 (100%) |
| Owner Occupied HU | 200 (61.2%) |
| Renter Occupied HU | 89 (27.2%) |
| Vacant Housing Units | 38 (11.6%) |
| Median Home Value | $475,000 |
| Average Home Value | $502,200 |
Housing Distribution
Address Breakdown
Residential
224
Single Family
224
Multi-Family
0
Businesses
9
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