38366 State Highway 23PrattsvilleNY12434
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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
Rental property for sale in Prattsville at 38366 State Highway 23, Prattsville, NY, 12434 generates $1,509/mo in rent and, after a $1,101/mo payment, leaves $7/mo in cash flow. Total monthly income is $1,509/mo, and annual cash flow is $81/yr on $74,588 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 8.05% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 104.07% and total cumulative return in cash sums $77,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,509/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
5.88 Acres 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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Nearby investment properties with comparable prices
Listed by: Heather Miller • WINDSTAR REALTY GROUP LLC
Mls Name: My State MLS
Mls ID: #11534474