57 Panorama DrPattersonNY12563
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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
Rental property for sale in Patterson at 57 Panorama Dr, Patterson, NY, 12563 priced at $474,800 converts $4,248/mo rent into $1,077/mo cash flow after a $2,324/mo obligation. Total monthly income equals $4,248/mo, and annual cash flow totals $12,927/yr on $157,396 invested. Return on cash invested prints 28.12% in year one, and rental yield reads 10.74% against a $474,800 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation compiles into $131,178 by year five. Five-year ROI reaches 147.55% and total cumulative return in cash sums $232,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,248/mo property income covering a $2,324/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12563, Patterson, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,279 (74.9%) |
| Renter Occupied HU | 547 (18.0%) |
| Vacant Housing Units | 215 ( 7.1%) |
| Median Home Value | $431,675 |
| Average Home Value | $508,678 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,293
Multi-Family
0
Businesses
266
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