3041 State Route 66ChathamNY12037
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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
Total monthly income runs $2,806/mo, and a $2,570/mo payment. Purchase price stands at $525,000, and rental yield measures 6.41% with $2,806/mo rent. Return on cash invested shows 15.2% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 78.18% and total cumulative return in cash records $135,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,806/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1900
12.59 Acres 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: Rebecca Sullivan • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202522617
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