2606 State Route 37Fort covingtonNY12937
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
Investment property for sale in Fort covington at 2606 State Route 37, Fort covington, NY, 12937 offers a 9.35% rental yield on a $159,000 purchase with $1,239/mo rent. Total monthly income registers $1,239/mo, and a $778/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,129/yr on $52,709 to close, and return on cash invested stands at 23.95% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 125.19% and total cumulative return in cash at $65,988. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,239/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12937, Fort Covington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 477 (66.0%) |
| Renter Occupied HU | 115 (15.9%) |
| Vacant Housing Units | 131 (18.1%) |
| Median Home Value | $120,577 |
| Average Home Value | $214,109 |
Housing Distribution
Address Breakdown
Residential
507
Single Family
507
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Fleury • Fleury Realty
Mls Name: ACVMLS
Mls ID: #206424