217 Cornwall Meadows LanePattersonNY12563
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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 Patterson at 217 Cornwall Meadows Lane, Patterson, NY, 12563 offers a 6.84% rental yield on a $394,900 purchase with $2,250/mo rent. 61% in year one. Equity gained on principal adds $2,548/yr while 5% annual appreciation supports $109,104 over five years. Portfolio math shows five-year ROI at 60.71% and total cumulative return in cash at $79,475. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
1,742 sqft lot
$N/A/sqft
$518 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12563, Patterson, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,279 (74.9%) |
| Renter Occupied HU | 547 (18.0%) |
| Vacant Housing Units | 215 ( 7.1%) |
| Median Home Value | $431,675 |
| Average Home Value | $508,678 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,293
Multi-Family
0
Businesses
266
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Nearby investment properties with comparable prices
Listed by: Christopher Filangeri • BHHS Hudson Valley Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #840697
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