43 Sherman DriveNewburghNY12550
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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 Newburgh at 43 Sherman Drive, Newburgh, NY, 12550 uses $131,606 cash to close to unlock $24/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $2,653/mo, and a $1,943/mo payment keeps the spread at $2/mo. Purchase price stands at $397,000, and rental yield measures 8.02% with $2,653/mo rent. Return on cash invested shows 19.93% in year one, and 5% annual appreciation builds toward $109,684 over five years. Five-year ROI reaches 103.61% and total cumulative return in cash records $136,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,653/mo property income covering a $1,943/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12550, Newburgh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,756 (100%) |
| Owner Occupied HU | 11,308 (49.7%) |
| Renter Occupied HU | 9,401 (41.3%) |
| Vacant Housing Units | 2,047 ( 9.0%) |
| Median Home Value | $367,539 |
| Average Home Value | $418,385 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
18,028
Multi-Family
2,000
Businesses
2,005
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