314 Goode StreetBurnt HillsNY12027
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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 Burnt Hills at 314 Goode Street, Burnt Hills, NY, 12027 priced at $469,000 converts $2,340/mo rent into after a $2,296/mo obligation. Total monthly income equals $2,340/mo. Return on cash invested prints 13.79% in year one, and rental yield reads 5.99% against a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,576 by year five. Five-year ROI reaches 70.69% and total cumulative return in cash sums $109,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Multi Family
Built in 1976
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12027, Burnt Hills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,634 (100%) |
| Owner Occupied HU | 1,376 (84.2%) |
| Renter Occupied HU | 200 (12.2%) |
| Vacant Housing Units | 58 ( 3.5%) |
| Median Home Value | $419,505 |
| Average Home Value | $456,793 |
Housing Distribution
Address Breakdown
Residential
1,561
Single Family
1,561
Multi-Family
0
Businesses
188
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Listed by: Stela Koeva • Real Broker NY LLC
Mls Name: Global MLS
Mls ID: #202521235