23 Lafayette StreetSaugertiesNY12477
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
Rental property for sale in Saugerties at 23 Lafayette Street, Saugerties, NY, 12477 priced at $549,000 converts $2,394/mo rent into after a $2,687/mo obligation. Total monthly income equals $2,394/mo. Return on cash invested prints 11.61% in year one, and rental yield reads 5.23% against a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation compiles into $151,679 by year five. Five-year ROI reaches 58.94% and total cumulative return in cash sums $106,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $2,687/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12477, Saugerties, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,371 (100%) |
| Owner Occupied HU | 5,521 (58.9%) |
| Renter Occupied HU | 2,577 (27.5%) |
| Vacant Housing Units | 1,273 (13.6%) |
| Median Home Value | $404,275 |
| Average Home Value | $469,723 |
Housing Distribution
Address Breakdown
Residential
8,684
Single Family
8,360
Multi-Family
324
Businesses
607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louis Naccarato • Berardi Realty
Mls Name: HVCRMLS
Mls ID: #20255314