31 Summit AveMonticelloNY12701
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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 Monticello at 31 Summit Ave, Monticello, NY, 12701 priced at $367,200 pairs $3,480/mo rent with $1,028/mo cash flow after a $1,797/mo payment. Total monthly income equals $3,480/mo, and annual cash flow comes to $12,338/yr on $121,727 invested. Return on cash invested is 30.04% in year one, and rental yield stands at 11.37% on a $367,200 basis. Equity gained on principal adds $2,369/yr, and 5% annual appreciation accumulates to $101,451 by year five. Five-year ROI measures 157.86% and total cumulative return in cash reaches $192,158. For financing, Ziffy Mortgage’s DSCR program evaluates $3,480/mo property income against a $1,797/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12701, Monticello, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,397 (100%) |
| Owner Occupied HU | 2,153 (25.6%) |
| Renter Occupied HU | 3,221 (38.4%) |
| Vacant Housing Units | 3,023 (36.0%) |
| Median Home Value | $262,260 |
| Average Home Value | $318,832 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,786
Multi-Family
1,072
Businesses
707
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Listed by: N/A • N/A
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