20 Ridge RoadHankinsNY12741
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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 Hankins at 20 Ridge Road, Hankins, NY, 12741 offers $0/mo rent that, after a $3,402/mo payment. Total monthly income is $0/mo. Return on cash invested measures -4.3% in year one, and rental yield stands at 0% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
2.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12741, Hankins, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 277 (100%) |
| Owner Occupied HU | 119 (43.0%) |
| Renter Occupied HU | 32 (11.6%) |
| Vacant Housing Units | 126 (45.5%) |
| Median Home Value | $382,432 |
| Average Home Value | $507,752 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices