5 Washington AveChathamNY12037
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 Chatham at 5 Washington Ave, Chatham, NY, 12037 priced at $345,000 converts $3,368/mo rent into $1,064/mo cash flow after a $1,689/mo obligation. Total monthly income equals $3,368/mo, and annual cash flow totals $12,765/yr on $114,368 invested. Return on cash invested prints 31.07% in year one, and rental yield reads 11.71% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 163.34% and total cumulative return in cash sums $186,808. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,368/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Townhouse
Built in 1920
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12037, Chatham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,296 (100%) |
| Owner Occupied HU | 1,290 (56.2%) |
| Renter Occupied HU | 609 (26.5%) |
| Vacant Housing Units | 397 (17.3%) |
| Median Home Value | $375,646 |
| Average Home Value | $500,101 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,571
Multi-Family
220
Businesses
264
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Listed by: Karen A. VanBuren • Berkshire Hathaway HomeService
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #156308
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