3 Chip Shot WayMechanicvilleNY12118
Nearby investment properties with comparable rents
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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 Mechanicville at 3 Chip Shot Way, Mechanicville, NY, 12118 priced at $485,000 converts $4,594/mo rent into $1,355/mo cash flow after a $2,374/mo obligation. Total monthly income equals $4,594/mo, and annual cash flow totals $16,261/yr on $160,778 invested. Return on cash invested prints 30.02% in year one, and rental yield reads 11.37% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 157.74% and total cumulative return in cash sums $253,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,594/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12118, Mechanicville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,056 (54.0%) |
| Renter Occupied HU | 3,460 (37.0%) |
| Vacant Housing Units | 842 ( 9.0%) |
| Median Home Value | $388,614 |
| Average Home Value | $445,691 |
Housing Distribution
Address Breakdown
Residential
7,595
Single Family
7,330
Multi-Family
265
Businesses
282
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Listed by: Jean C Maloney • 21st Century Properties
Mls Name: Global MLS
Mls Provider:
Mls ID: #202422344
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. Judy Moriarty, Zillow, Inc., Corp. Broker