24 Highland AvePhilmontNY12565
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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 Philmont at 24 Highland Ave, Philmont, NY, 12565 priced at $254,900 pairs $1,718/mo rent with $15/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,718/mo, and annual cash flow comes to $185/yr on $84,499 invested. Return on cash invested is 20.13% in year one, and rental yield stands at 8.09% on a $254,900 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,424 by year five. Five-year ROI measures 104.68% and total cumulative return in cash reaches $88,452. For financing, Ziffy Mortgage’s DSCR program evaluates $1,718/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12565, Philmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 495 (100%) |
| Owner Occupied HU | 211 (42.6%) |
| Renter Occupied HU | 201 (40.6%) |
| Vacant Housing Units | 83 (16.8%) |
| Median Home Value | $223,611 |
| Average Home Value | $345,557 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
1
Multi-Family
32
Businesses
52
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