38 Elm StreetSHANDAKENNY12480
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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 SHANDAKEN at 38 Elm Street, SHANDAKEN, NY, 12480 priced at $299,000 converts $2,018/mo rent into $22/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,018/mo, and annual cash flow totals $261/yr on $99,119 invested. Return on cash invested prints 20.17% in year one, and rental yield reads 8.1% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 104.9% and total cumulative return in cash sums $103,978. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,018/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1895
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12480, Shandaken, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 466 (100%) |
| Owner Occupied HU | 203 (43.6%) |
| Renter Occupied HU | 78 (16.7%) |
| Vacant Housing Units | 185 (39.7%) |
| Median Home Value | $441,071 |
| Average Home Value | $520,419 |
Housing Distribution
Address Breakdown
Residential
221
Single Family
221
Multi-Family
0
Businesses
30
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