55 Smith AvenueKingstonNY12401
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 Kingston at 55 Smith Avenue, Kingston, NY, 12401 priced at $299,000 converts $2,557/mo rent into $561/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,557/mo, and annual cash flow totals $6,729/yr on $99,119 invested. Return on cash invested prints 26.7% in year one, and rental yield reads 10.26% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 139.88% and total cumulative return in cash sums $138,646. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,557/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1905
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12401, Kingston, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,830 (100%) |
| Owner Occupied HU | 8,289 (46.5%) |
| Renter Occupied HU | 7,469 (41.9%) |
| Vacant Housing Units | 2,072 (11.6%) |
| Median Home Value | $346,290 |
| Average Home Value | $419,400 |
Housing Distribution
Address Breakdown
Residential
15,993
Single Family
13,848
Multi-Family
2,145
Businesses
1,752
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Listed by: Polly Kaplan • BHHS Hudson Valley Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #883987
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