24 Reading RoadPattersonNY12563
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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
Investment property for sale in Patterson at 24 Reading Road, Patterson, NY, 12563 listed at $467,500 pairs $4,110/mo rent with a $2,288/mo payment to leave $988/mo cash flow. Total monthly income runs $4,110/mo, and annual cash flow reaches $11,859/yr on $154,976 cash to close. Return on cash invested measures 27.56% in year one, and rental yield registers 10.55% at a $467,500 basis. Equity gained on principal adds $3,017/yr, and annual property appreciation at 5% supports $129,162 by year five. Five-year ROI tracks 144.54% and total cumulative return in cash totals $223,996. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,110/mo property income relative to a $2,288/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12563, Patterson, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,279 (74.9%) |
| Renter Occupied HU | 547 (18.0%) |
| Vacant Housing Units | 215 ( 7.1%) |
| Median Home Value | $431,675 |
| Average Home Value | $508,678 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,293
Multi-Family
0
Businesses
266
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Listed by: Brittany Sandarciero • Keller Williams NY Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6328622
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