321 Terrace DrivePrattsvilleNY12468
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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 Prattsville at 321 Terrace Drive, Prattsville, NY, 12468 priced at $498,000 converts $2,280/mo rent into after a $2,437/mo obligation. Total monthly income equals $2,280/mo. Return on cash invested prints 12.31% in year one, and rental yield reads 5.49% against a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation compiles into $137,588 by year five. Five-year ROI reaches 62.73% and total cumulative return in cash sums $103,564. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $2,437/mo payment, not borrower’s personal income.
Single Family
Built in 1988
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12468, Prattsville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,309 (100%) |
| Owner Occupied HU | 520 (39.7%) |
| Renter Occupied HU | 148 (11.3%) |
| Vacant Housing Units | 641 (49.0%) |
| Median Home Value | $265,972 |
| Average Home Value | $321,370 |
Housing Distribution
Address Breakdown
Residential
552
Single Family
507
Multi-Family
45
Businesses
36
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Listed by: Francesca Ortolano • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls ID: #907211