6 Island DriveMechanicvilleNY12118
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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 6 Island Drive, Mechanicville, NY, 12118 earns from $2,034/mo rent with a $2,658/mo payment. Total monthly income totals $2,034/mo. ROI tracks 9.36% on current figures, and rental yield reads 4.5% at a $543,000 purchase. Equity gained on principal adds $3,504/yr, and 5% annual appreciation supports $150,021 over five years. Five-year ROI reaches 46.91% and total cumulative return in cash sums $83,804. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No 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: Katina M Terrault • Katina M. Terrault
Mls Name: Global MLS
Mls ID: #202610797