37004 State Highway 23Grand GorgeNY12434
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 37004 State Highway 23, Grand Gorge, NY, 12434 in Grand Gorge deserves attention. This $209,000 property earns $2,520/mo in rent, a 14.47% gross yield, and nets $1,124/mo after the $940/mo payment. DSCR 2.68 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $57,743 compounds alongside $1,925/yr in yearly equity build, for a total cumulative return of $152,066.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.5% | 6.2% |
| Monthly Cash Flow | $1,124 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,520 |
| Total Monthly Debt Service | $1,313 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12434, Grand Gorge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 218 (54.0%) |
| Renter Occupied HU | 55 (13.6%) |
| Vacant Housing Units | 131 (32.4%) |
| Median Home Value | $250,000 |
| Average Home Value | $267,477 |
Housing Distribution
Address Breakdown
Residential
65
Single Family
43
Multi-Family
22
Businesses
37
Nearby investment properties with comparable rents
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
Single Family
Built in 1915
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12434, Grand Gorge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 218 (54.0%) |
| Renter Occupied HU | 55 (13.6%) |
| Vacant Housing Units | 131 (32.4%) |
| Median Home Value | $250,000 |
| Average Home Value | $267,477 |
Housing Distribution
Address Breakdown
Residential
65
Single Family
43
Multi-Family
22
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices