55 Payn AvenueChathamNY12037
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
Investment property for sale in Chatham at 55 Payn Avenue, Chatham, NY, 12037 at $235,000 posts ROI 21.74% with $119/mo cash flow from $1,688/mo rent. Total monthly income equals $1,688/mo, and annual cash flow records $1,427/yr on $77,903 to close. Return on cash invested measures 21.74% and rental yield reads 8.62% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 113.3% and total cumulative return in cash totals $88,264.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,688/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1921
1 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices