40 Paddock RoadEast durhamNY12423
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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
Investment property for sale in East durham at 40 Paddock Road, East durham, NY, 12423 with 5% annual appreciation on a $549,000 basis while $3,233/mo rent supports operations. 18% in year one. Equity gained on principal adds $3,543/yr, and five-year appreciation sums $151,679 alongside rental yield of 7.07%. Five-year ROI measures 88.82% and total cumulative return in cash totals $160,436. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,233/mo property income versus a $2,687/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
7.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12423, East Durham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 704 (100%) |
| Owner Occupied HU | 392 (55.7%) |
| Renter Occupied HU | 105 (14.9%) |
| Vacant Housing Units | 207 (29.4%) |
| Median Home Value | $253,571 |
| Average Home Value | $320,325 |
Housing Distribution
Address Breakdown
Residential
490
Single Family
490
Multi-Family
0
Businesses
36
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Listed by: Angela Lanuto, RSPS • Coldwell Banker Village Green
Mls Name: HVCRMLS
Mls ID: #20255087