38 Mayer DriveHighlandNY12528
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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 Highland at 38 Mayer Drive, Highland, NY, 12528 priced at $599,000 converts $2,808/mo rent into after a $2,932/mo obligation. Total monthly income equals $2,808/mo. Return on cash invested prints 12.8% in year one, and rental yield reads 5.63% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 65.33% and total cumulative return in cash sums $128,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,808/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12528, Highland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,250 (100%) |
| Owner Occupied HU | 3,785 (60.6%) |
| Renter Occupied HU | 1,968 (31.5%) |
| Vacant Housing Units | 497 ( 8.0%) |
| Median Home Value | $415,318 |
| Average Home Value | $438,996 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,431
Multi-Family
280
Businesses
436
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