3 Pine Knoll RoadEast BerneNY12059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Berne at 3 Pine Knoll Road, East Berne, NY, 12059 priced at $299,900 pairs $2,413/mo rent with $410/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,413/mo, and annual cash flow comes to $4,922/yr on $99,417 invested. Return on cash invested is 24.86% in year one, and rental yield stands at 9.66% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 130.06% and total cumulative return in cash reaches $129,304. For financing, Ziffy Mortgage’s DSCR program evaluates $2,413/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12059, East Berne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,147 (100%) |
| Owner Occupied HU | 696 (60.7%) |
| Renter Occupied HU | 106 ( 9.2%) |
| Vacant Housing Units | 345 (30.1%) |
| Median Home Value | $362,791 |
| Average Home Value | $389,397 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
20
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Listed by: Jonathan Minerick • Homecoin.com
Mls Name: Global MLS
Mls ID: #202525160