245 Scenic DriveHagamanNY12086
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 Hagaman at 245 Scenic Drive, Hagaman, NY, 12086 offers $2,224/mo rent that, after a $1,541/mo payment, leaves $121/mo cash flow. Total monthly income is $2,224/mo, and annual cash flow is $1,457/yr on $104,389 cash. Return on cash invested measures 21.3% in year one, and rental yield stands at 8.48% at a $314,900 entry. Equity gained on principal adds $2,032/yr while 5% annual appreciation compounds into $87,001 by year five. Five-year ROI records 110.99% and total cumulative return in cash reaches $115,858. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,224/mo property income versus a $1,541/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12086, Hagaman, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 893 (100%) |
| Owner Occupied HU | 670 (75.0%) |
| Renter Occupied HU | 110 (12.3%) |
| Vacant Housing Units | 113 (12.7%) |
| Median Home Value | $290,476 |
| Average Home Value | $335,862 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
385
Multi-Family
0
Businesses
34
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