40/42 Hanover DrDelmarNY12054
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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
Total monthly income runs $2,400/mo, and a $2,105/mo payment. Purchase price stands at $430,000, and rental yield measures 6.7% with $2,400/mo rent. Return on cash invested shows 15.94% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 82.21% and total cumulative return in cash records $117,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Multi Family
Built in 1986
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12054, Delmar, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,569 (100%) |
| Owner Occupied HU | 5,376 (71.0%) |
| Renter Occupied HU | 1,838 (24.3%) |
| Vacant Housing Units | 355 ( 4.7%) |
| Median Home Value | $373,707 |
| Average Home Value | $399,553 |
Housing Distribution
Address Breakdown
Residential
7,525
Single Family
7,137
Multi-Family
388
Businesses
478
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