405 Franklin StHammondNY13646
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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 Hammond at 405 Franklin St, Hammond, NY, 13646 offers a 9.3% rental yield on a $132,500 purchase with $1,027/mo rent. Total monthly income registers $1,027/mo, and a $649/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,701/yr on $43,924 to close, and return on cash invested stands at 23.78% in year one. Equity gained on principal adds $855/yr while 5% annual appreciation supports $36,607 over five years. Portfolio math shows five-year ROI at 124.3% and total cumulative return in cash at $54,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,027/mo property income against a $649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13646, Hammond, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,683 (100%) |
| Owner Occupied HU | 852 (31.8%) |
| Renter Occupied HU | 187 ( 7.0%) |
| Vacant Housing Units | 1,644 (61.3%) |
| Median Home Value | $167,500 |
| Average Home Value | $236,849 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,141
Multi-Family
12
Businesses
36
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