244 Main StreetMiddleburghNY12122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Middleburgh at 244 Main Street, Middleburgh, NY, 12122 offers $1,424/mo rent that, after a $881/mo payment, leaves $222/mo cash flow. Total monthly income is $1,424/mo, and annual cash flow is $2,664/yr on $59,670 cash. Return on cash invested measures 24.37% in year one, and rental yield stands at 9.49% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 127.41% and total cumulative return in cash reaches $76,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,424/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12122, Middleburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,465 (100%) |
| Owner Occupied HU | 1,395 (56.6%) |
| Renter Occupied HU | 388 (15.7%) |
| Vacant Housing Units | 682 (27.7%) |
| Median Home Value | $222,361 |
| Average Home Value | $265,799 |
Housing Distribution
Address Breakdown
Residential
1,607
Single Family
1,607
Multi-Family
0
Businesses
103
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Listed by: Lisa Tenneson • Four Star Realty Group Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202428003
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker