3076 State Route 28ShokanNY12481
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 Shokan at 3076 State Route 28, Shokan, NY, 12481 offers $2,760/mo rent that, after a $1,953/mo payment, leaves $95/mo cash flow. Total monthly income is $2,760/mo, and annual cash flow is $1,145/yr on $132,269 cash. Return on cash invested measures 20.77% in year one, and rental yield stands at 8.3% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 108.15% and total cumulative return in cash reaches $143,042. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12481, Shokan, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 729 (100%) |
| Owner Occupied HU | 463 (63.5%) |
| Renter Occupied HU | 120 (16.5%) |
| Vacant Housing Units | 146 (20.0%) |
| Median Home Value | $405,769 |
| Average Home Value | $427,748 |
Housing Distribution
Address Breakdown
Residential
553
Single Family
553
Multi-Family
0
Businesses
63
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