348 Main Street StreetAndesNY13731
Nearby investment properties with comparable rents
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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 Andes at 348 Main Street Street, Andes, NY, 13731 generates $8,561/mo in rent and, after a $3,108/mo payment, leaves $4,321/mo in cash flow. Total monthly income is $8,561/mo, and annual cash flow is $51,847/yr on $208,915 invested. Return on cash invested sits at 44.88% in year one, and rental yield is 16.18% on a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 237.36% and total cumulative return in cash sums $495,872. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,561/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13731, Andes, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,268 (100%) |
| Owner Occupied HU | 465 (36.7%) |
| Renter Occupied HU | 84 ( 6.6%) |
| Vacant Housing Units | 719 (56.7%) |
| Median Home Value | $341,923 |
| Average Home Value | $403,812 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
50
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Listed by: Jeffrey Ashton • Coldwell Banker Timberland Pro
Mls Name: UCBR
Mls Provider:
Mls ID: #20242565
Disclaimer: IDX information 2024 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Multiple Listing Service of Ulster County, Inc. Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.