29 Beggs Point StEssexNY12936
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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 Essex at 29 Beggs Point St, Essex, NY, 12936 offers a 2.8% rental yield on a $1,675,000 purchase with $3,910/mo rent. 28% in year one. Equity gained on principal adds $10,809/yr while 5% annual appreciation supports $462,772 over five years. Portfolio math shows five-year ROI at 19.6% and total cumulative return in cash at $106,386. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,910/mo property income against a $8,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1975
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12936, Essex, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 510 (100%) |
| Owner Occupied HU | 216 (42.4%) |
| Renter Occupied HU | 37 ( 7.3%) |
| Vacant Housing Units | 257 (50.4%) |
| Median Home Value | $358,333 |
| Average Home Value | $372,535 |
Housing Distribution
Address Breakdown
Residential
218
Single Family
218
Multi-Family
0
Businesses
40
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