230 Groff Road RoadPalatine BridgeNY13428
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 Palatine Bridge at 230 Groff Road Road, Palatine Bridge, NY, 13428 priced at $190,000 converts $1,736/mo rent into $467/mo cash flow after a $930/mo obligation. Total monthly income equals $1,736/mo, and annual cash flow totals $5,606/yr on $62,985 invested. Return on cash invested prints 28.81% in year one, and rental yield reads 10.96% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 151.29% and total cumulative return in cash sums $95,292. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,736/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1991
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13428, Palatine Bridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 773 (100%) |
| Owner Occupied HU | 509 (65.8%) |
| Renter Occupied HU | 187 (24.2%) |
| Vacant Housing Units | 77 ( 10.0%) |
| Median Home Value | $175,833 |
| Average Home Value | $229,470 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
455
Multi-Family
32
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle D Burditt • Krutz Properties, LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202427343
Disclaimer: 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. Judy Moriarty, Zillow, Inc., Corp. Broker