22 E Parmenter StNewburghNY12550
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 Newburgh at 22 E Parmenter St, Newburgh, NY, 12550 uses $114,135 cash to close to unlock $8,976/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $3,047/mo, and a $1,685/mo payment keeps the spread at $748/mo. Purchase price stands at $344,300, and rental yield measures 10.62% with $3,047/mo rent. Return on cash invested shows 27.77% in year one, and 5% annual appreciation builds toward $95,124 over five years. Five-year ROI reaches 145.65% and total cumulative return in cash records $166,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,047/mo property income covering a $1,685/mo payment rather than investor’s personal income.
Townhouse
Built in 1890
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12550, Newburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,756 (100%) |
| Owner Occupied HU | 11,308 (49.7%) |
| Renter Occupied HU | 9,401 (41.3%) |
| Vacant Housing Units | 2,047 ( 9.0%) |
| Median Home Value | $367,539 |
| Average Home Value | $418,385 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
18,028
Multi-Family
2,000
Businesses
2,005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices