5 Wheatfield WayMechanicvilleNY12118
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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 Mechanicville at 5 Wheatfield Way, Mechanicville, NY, 12118 offers a 8.25% rental yield on a $586,900 purchase with $4,037/mo rent. Total monthly income registers $4,037/mo, and a $2,873/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,127/yr on $193,090 to close, and return on cash invested stands at 20.64% in year one. Equity gained on principal adds $3,787/yr while 5% annual appreciation supports $162,150 over five years. Portfolio math shows five-year ROI at 107.45% and total cumulative return in cash at $207,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,037/mo property income against a $2,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
$281 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12118, Mechanicville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,056 (54.0%) |
| Renter Occupied HU | 3,460 (37.0%) |
| Vacant Housing Units | 842 ( 9.0%) |
| Median Home Value | $388,614 |
| Average Home Value | $445,691 |
Housing Distribution
Address Breakdown
Residential
7,595
Single Family
7,330
Multi-Family
265
Businesses
282
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Listed by: Maria Millington • Robmar Realty, Inc.
Mls Name: Global MLS
Mls Provider:
Mls ID: #202315275
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. Judy Moriarty, Zillow, Inc., Corp. Broker