24 Highland DriveSouth FallsburgNY12779
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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 South Fallsburg at 24 Highland Drive, South Fallsburg, NY, 12779 offers $3,240/mo rent that, after a $6,118/mo payment. Total monthly income is $3,240/mo. Return on cash invested measures 5.24% in year one, and rental yield stands at 3.11% at a $1,250,000 entry. Equity gained on principal adds $8,066/yr while 5% annual appreciation compounds into $345,352 by year five. Five-year ROI records 24.72% and total cumulative return in cash reaches $100,117. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,240/mo property income versus a $6,118/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12779, South Fallsburg, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,716 (100%) |
| Owner Occupied HU | 302 (17.6%) |
| Renter Occupied HU | 567 (33.0%) |
| Vacant Housing Units | 847 (49.4%) |
| Median Home Value | $353,982 |
| Average Home Value | $366,200 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
229
Multi-Family
114
Businesses
99
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Listed by: Evan Kerzer • eRealty Advisors, Inc
Mls Name: OneKey MLS
Mls ID: #955320