4569 Route 199MillertonNY12546
Nearby investment properties with comparable rents
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 Millerton at 4569 Route 199, Millerton, NY, 12546 generates $3,600/mo in rent, after a $7,293/mo payment. Total monthly income is $3,600/mo. Return on cash invested sits at 4.59% in year one, and rental yield is 2.9% on a $1,490,000 entry. Equity gained on principal adds $9,615/yr, while 5% annual appreciation builds toward $411,660 over five years. Five-year ROI reaches 21.22% and total cumulative return in cash sums $102,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
27.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12546, Millerton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,556 (100%) |
| Owner Occupied HU | 831 (53.4%) |
| Renter Occupied HU | 403 (25.9%) |
| Vacant Housing Units | 322 (20.7%) |
| Median Home Value | $447,037 |
| Average Home Value | $646,221 |
Housing Distribution
Address Breakdown
Residential
1,049
Single Family
1,049
Multi-Family
0
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: THE LEGACY TEAM AT WILLIAM PITT SOTHEBY'S INTERNATIONAL REALTY • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24073518
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.