278 Route 13LexingtonNY12468
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 Lexington at 278 Route 13, Lexington, NY, 12468 offers a 9.51% rental yield on a $374,000 purchase with $2,964/mo rent. Total monthly income registers $2,964/mo, and a $1,831/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,592/yr on $123,981 to close, and return on cash invested stands at 24.42% in year one. Equity gained on principal adds $2,413/yr while 5% annual appreciation supports $103,329 over five years. Portfolio math shows five-year ROI at 127.7% and total cumulative return in cash at $158,329. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,964/mo property income against a $1,831/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12468, Prattsville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,309 (100%) |
| Owner Occupied HU | 520 (39.7%) |
| Renter Occupied HU | 148 (11.3%) |
| Vacant Housing Units | 641 (49.0%) |
| Median Home Value | $265,972 |
| Average Home Value | $321,370 |
Housing Distribution
Address Breakdown
Residential
552
Single Family
507
Multi-Family
45
Businesses
36
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