56 Thorn Apple DrElka ParkNY12427
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 Elka Park at 56 Thorn Apple Dr, Elka Park, NY, 12427 at $697,700 posts ROI 23.6% with $677/mo cash flow from $5,336/mo rent. Total monthly income equals $5,336/mo, and annual cash flow records $8,121/yr on $229,543 to close. Return on cash invested measures 23.6% and rental yield reads 9.18% at the current $697,700. Equity gained on principal adds $4,502/yr, and 5% annual appreciation supports $192,762 by year five. Five-year ROI prints 123.23% and total cumulative return in cash totals $282,878.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,336/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1983
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12427, Elka Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 474 (100%) |
| Owner Occupied HU | 147 (31.0%) |
| Renter Occupied HU | 69 (14.6%) |
| Vacant Housing Units | 258 (54.4%) |
| Median Home Value | $280,833 |
| Average Home Value | $368,333 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
10
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