43 Summit StreetPhilmontNY12565
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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 Philmont at 43 Summit Street, Philmont, NY, 12565 priced at $194,950 converts $1,521/mo rent into $219/mo cash flow after a $954/mo obligation. Total monthly income equals $1,521/mo, and annual cash flow totals $2,632/yr on $64,626 invested. Return on cash invested prints 23.98% in year one, and rental yield reads 9.36% against a $194,950 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,861 by year five. Five-year ROI reaches 125.35% and total cumulative return in cash sums $81,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,521/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12565, Philmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 495 (100%) |
| Owner Occupied HU | 211 (42.6%) |
| Renter Occupied HU | 201 (40.6%) |
| Vacant Housing Units | 83 (16.8%) |
| Median Home Value | $223,611 |
| Average Home Value | $345,557 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
1
Multi-Family
32
Businesses
52
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