42 Longyear RdShokanNY12481
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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 Shokan at 42 Longyear Rd, Shokan, NY, 12481 priced at $437,400 pairs $5,500/mo rent with $2,579/mo cash flow after a $2,141/mo payment. Total monthly income equals $5,500/mo, and annual cash flow comes to $30,948/yr on $144,998 invested. Return on cash invested is 41.25% in year one, and rental yield stands at 15.09% on a $437,400 basis. Equity gained on principal adds $2,822/yr, and 5% annual appreciation accumulates to $120,846 by year five. Five-year ROI measures 217.93% and total cumulative return in cash reaches $315,994. For financing, Ziffy Mortgage’s DSCR program evaluates $5,500/mo property income against a $2,141/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1860
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12481, Shokan, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 729 (100%) |
| Owner Occupied HU | 463 (63.5%) |
| Renter Occupied HU | 120 (16.5%) |
| Vacant Housing Units | 146 (20.0%) |
| Median Home Value | $405,769 |
| Average Home Value | $427,748 |
Housing Distribution
Address Breakdown
Residential
553
Single Family
553
Multi-Family
0
Businesses
63
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