24 Purtell AvenueLathamNY12110
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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 Latham at 24 Purtell Avenue, Latham, NY, 12110 priced at $343,000 converts $3,034/mo rent into $743/mo cash flow after a $1,679/mo obligation. Total monthly income equals $3,034/mo, and annual cash flow totals $8,920/yr on $113,705 invested. Return on cash invested prints 27.75% in year one, and rental yield reads 10.61% against a $343,000 entry. Equity gained on principal adds $2,213/yr, while 5% annual appreciation compiles into $94,765 by year five. Five-year ROI reaches 145.58% and total cumulative return in cash sums $165,528. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,034/mo property income covering a $1,679/mo payment, not borrower’s personal income.
Single Family
Built in 1946
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12110, Latham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,681 (100%) |
| Owner Occupied HU | 5,852 (67.4%) |
| Renter Occupied HU | 2,333 (26.9%) |
| Vacant Housing Units | 496 ( 5.7%) |
| Median Home Value | $353,860 |
| Average Home Value | $420,764 |
Housing Distribution
Address Breakdown
Residential
8,650
Single Family
8,047
Multi-Family
603
Businesses
1,521
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