298 Myers RoadHowes CaveNY12092
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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
Rental property for sale in Howes Cave at 298 Myers Road, Howes Cave, NY, 12092 generates $3,160/mo in rent and, after a $2,178/mo payment, leaves $188/mo in cash flow. Total monthly income is $3,160/mo, and annual cash flow is $2,261/yr on $147,518 invested. Return on cash invested sits at 21.44% in year one, and rental yield is 8.52% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 111.72% and total cumulative return in cash sums $164,804. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12092, Howes Cave, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 363 (63.6%) |
| Renter Occupied HU | 115 (20.1%) |
| Vacant Housing Units | 93 (16.3%) |
| Median Home Value | $211,275 |
| Average Home Value | $270,062 |
Housing Distribution
Address Breakdown
Residential
471
Single Family
471
Multi-Family
0
Businesses
30
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Listed by: Matthew Loder • Country Boy Realty
Mls Name: Global MLS
Mls ID: #202522023