3 Echo ParkBerlinNY12022
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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 Berlin at 3 Echo Park, Berlin, NY, 12022 priced at $169,900 converts $1,290/mo rent into $155/mo cash flow after a $832/mo obligation. Total monthly income equals $1,290/mo, and annual cash flow totals $1,860/yr on $56,322 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 9.11% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 121.28% and total cumulative return in cash sums $68,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,290/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1929
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12022, Berlin, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 394 (100%) |
| Owner Occupied HU | 240 (60.9%) |
| Renter Occupied HU | 51 (12.9%) |
| Vacant Housing Units | 103 (26.1%) |
| Median Home Value | $228,070 |
| Average Home Value | $313,333 |
Housing Distribution
Address Breakdown
Residential
114
Single Family
114
Multi-Family
0
Businesses
32
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