365 Rock RoadBerneNY12023
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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 Berne at 365 Rock Road, Berne, NY, 12023 priced at $129,000 converts $988/mo rent into $127/mo cash flow after a $631/mo obligation. Total monthly income equals $988/mo, and annual cash flow totals $1,523/yr on $42,764 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 9.19% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 122.57% and total cumulative return in cash sums $52,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $988/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1864
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12023, Berne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 684 (68.8%) |
| Renter Occupied HU | 103 (10.4%) |
| Vacant Housing Units | 207 (20.8%) |
| Median Home Value | $285,841 |
| Average Home Value | $306,787 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
30
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