2699 Route 22 #2PattersonNY12563
Nearby investment properties with comparable rents
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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 2699 Route 22 #2, Patterson, NY, 12563 offers a 42.89% rental yield on a $115,000 purchase with $4,110/mo rent. Total monthly income registers $4,110/mo, and a $563/mo payment leaves $3,342/mo available for distribution. Annual cash flow reaches $40,103/yr on $38,123 to close, and return on cash invested stands at 125.1% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 667.6% and total cumulative return in cash at $254,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,110/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
5,662 sqft 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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