428 River RoadSaint JamesNY11780
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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 Saint James at 428 River Road, Saint James, NY, 11780 priced at $1,349,000 converts $5,362/mo rent into after a $6,603/mo obligation. Total monthly income equals $5,362/mo. Return on cash invested prints 10.36% in year one, and rental yield reads 4.77% against a $1,349,000 entry. Equity gained on principal adds $8,705/yr, while 5% annual appreciation compiles into $372,704 by year five. Five-year ROI reaches 52.19% and total cumulative return in cash sums $228,099. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,362/mo property income covering a $6,603/mo payment, not borrower’s personal income.
Single Family
Built in 1924
4.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11780, Saint James, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,698 (100%) |
| Owner Occupied HU | 4,802 (84.3%) |
| Renter Occupied HU | 607 (10.7%) |
| Vacant Housing Units | 289 ( 5.1%) |
| Median Home Value | $732,275 |
| Average Home Value | $822,409 |
Housing Distribution
Address Breakdown
Residential
5,593
Single Family
5,585
Multi-Family
8
Businesses
619
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Listed by: Bonnie Glenn • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #L3574321