2699 Route 22 LOT 14PattersonNY12563
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 Patterson at 2699 Route 22 LOT 14, Patterson, NY, 12563 generates $911/mo in rent and, after a $563/mo payment, leaves $143/mo in cash flow. Total monthly income is $911/mo, and annual cash flow is $1,715/yr on $38,123 invested. Return on cash invested sits at 24.41% in year one, and rental yield is 9.51% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 127.6% and total cumulative return in cash sums $48,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $911/mo property income rather than buyer’s personal income.
Manufactured
Built in 2014
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices