24 Patroon Pointe DriveRensselaerNY12144
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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 Rensselaer at 24 Patroon Pointe Drive, Rensselaer, NY, 12144 priced at $339,900 converts $2,975/mo rent into $705/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,975/mo, and annual cash flow totals $8,458/yr on $112,677 invested. Return on cash invested prints 27.42% in year one, and rental yield reads 10.5% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 143.73% and total cumulative return in cash sums $161,951. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,975/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2005
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12144, Rensselaer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 5,496 (53.7%) |
| Renter Occupied HU | 3,993 (39.0%) |
| Vacant Housing Units | 740 ( 7.2%) |
| Median Home Value | $271,764 |
| Average Home Value | $287,042 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,324
Multi-Family
1,311
Businesses
572
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Listed by: Marion DeSantis • KW Platform
Mls Name: Global MLS
Mls ID: #202525154