296 Route 295 LOT 16ChathamNY12037
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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 Chatham at 296 Route 295 LOT 16, Chatham, NY, 12037 offers a 11.26% rental yield on a $179,000 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $876/mo payment leaves $485/mo available for distribution. Annual cash flow reaches $5,817/yr on $59,339 to close, and return on cash invested stands at 29.71% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 156.09% and total cumulative return in cash at $92,619. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2009
1,440 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12037, Chatham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,296 (100%) |
| Owner Occupied HU | 1,290 (56.2%) |
| Renter Occupied HU | 609 (26.5%) |
| Vacant Housing Units | 397 (17.3%) |
| Median Home Value | $375,646 |
| Average Home Value | $500,101 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,571
Multi-Family
220
Businesses
264
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Listed by: Margaret Guerra • Gilcrest Properties
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #154436
Disclaimer: 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.