40 2nd Dyke RoadAverill ParkNY12018
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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 Averill Park at 40 2nd Dyke Road, Averill Park, NY, 12018 offers $1,979/mo rent that, after a $1,659/mo payment. Total monthly income is $1,979/mo. Return on cash invested measures 16.87% in year one, and rental yield stands at 7.01% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 87.2% and total cumulative return in cash reaches $97,996. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,979/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12018, Averill Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,597 (100%) |
| Owner Occupied HU | 2,676 (74.4%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 389 (10.8%) |
| Median Home Value | $350,461 |
| Average Home Value | $386,443 |
Housing Distribution
Address Breakdown
Residential
3,116
Single Family
3,116
Multi-Family
0
Businesses
98
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Listed by: Catherine A Graziano • RE/MAX Solutions
Mls Name: Global MLS
Mls ID: #202610377