21 Hamlet LaneMilanNY12571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Milan at 21 Hamlet Lane, Milan, NY, 12571 uses $140,888 cash to close to unlock $13,465/yr annual cash flow and $1,122/mo monthly cash flow. Total monthly income runs $3,960/mo, and a $2,080/mo payment keeps the spread at $1,122/mo. Purchase price stands at $425,000, and rental yield measures 11.18% with $3,960/mo rent. Return on cash invested shows 29.47% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 154.77% and total cumulative return in cash records $218,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,960/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12571, Red Hook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,583 (100%) |
| Owner Occupied HU | 2,951 (64.4%) |
| Renter Occupied HU | 969 (21.1%) |
| Vacant Housing Units | 663 (14.5%) |
| Median Home Value | $514,661 |
| Average Home Value | $584,140 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
4,039
Multi-Family
138
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Hill • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6326453
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.