353 3rd StreetNewburghNY12550
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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 Newburgh at 353 3rd Street, Newburgh, NY, 12550 priced at $383,000 pairs $4,933/mo rent with $2,375/mo cash flow after a $1,875/mo payment. Total monthly income equals $4,933/mo, and annual cash flow comes to $28,500/yr on $126,965 invested. Return on cash invested is 42.36% in year one, and rental yield stands at 15.46% on a $383,000 basis. Equity gained on principal adds $2,471/yr, and 5% annual appreciation accumulates to $105,816 by year five. Five-year ROI measures 223.84% and total cumulative return in cash reaches $284,202. For financing, Ziffy Mortgage’s DSCR program evaluates $4,933/mo property income against a $1,875/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
3,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12550, Newburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,756 (100%) |
| Owner Occupied HU | 11,308 (49.7%) |
| Renter Occupied HU | 9,401 (41.3%) |
| Vacant Housing Units | 2,047 ( 9.0%) |
| Median Home Value | $367,539 |
| Average Home Value | $418,385 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
18,028
Multi-Family
2,000
Businesses
2,005
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Listed by: Jesus Pintado JR • Opendoor Brokerage LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6321345
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.