219 Landbridge DrAltamontNY12009
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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 Altamont at 219 Landbridge Dr, Altamont, NY, 12009 priced at $607,500 converts $3,941/mo rent into after a $2,973/mo obligation. Total monthly income equals $3,941/mo. Return on cash invested prints 19.37% in year one, and rental yield reads 7.78% against a $607,500 entry. Equity gained on principal adds $3,920/yr, while 5% annual appreciation compiles into $167,841 by year five. Five-year ROI reaches 100.55% and total cumulative return in cash sums $200,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,941/mo property income covering a $2,973/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12009, Altamont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,442 (66.3%) |
| Renter Occupied HU | 1,020 (27.7%) |
| Vacant Housing Units | 223 ( 6.1%) |
| Median Home Value | $397,480 |
| Average Home Value | $429,887 |
Housing Distribution
Address Breakdown
Residential
3,023
Single Family
2,862
Multi-Family
161
Businesses
168
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