37004 State Highway 23Grand GorgeNY12434
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
Investment Highlights
Investment property for sale in Grand Gorge at 37004 State Highway 23, Grand Gorge, NY, 12434 uses $69,284 cash to close to unlock $13,491/yr annual cash flow and $1,124/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,023/mo payment keeps the spread at $1,124/mo. Purchase price stands at $209,000, and rental yield measures 14.47% with $2,520/mo rent. Return on cash invested shows 39.38% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 207.95% and total cumulative return in cash records $144,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,023/mo payment rather than investor’s personal income.
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
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Listed by: Susan Miller • WINDSTAR REALTY GROUP LLC
Mls Name: My State MLS
Mls ID: #11332805