276 Old Route 22WassaicNY12592
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 Wassaic at 276 Old Route 22, Wassaic, NY, 12592 offers a 82.13% rental yield on a $675,000 purchase with $46,200/mo rent. Total monthly income registers $46,200/mo, and a $3,304/mo payment leaves $41,692/mo available for distribution. Annual cash flow reaches $500,307/yr on $222,075 to close, and return on cash invested stands at 245.35% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 1312.38% and total cumulative return in cash at $2,914,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $46,200/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12592, Wassaic, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 505 (100%) |
| Owner Occupied HU | 281 (55.6%) |
| Renter Occupied HU | 126 (25.0%) |
| Vacant Housing Units | 98 (19.4%) |
| Median Home Value | $428,125 |
| Average Home Value | $626,077 |
Housing Distribution
Address Breakdown
Residential
475
Single Family
475
Multi-Family
0
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Mark J Anderson • Houlihan Lawrence Inc.
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6320379
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. 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. Copyright 2024 OneKey MLS. All rights reserved.