6 Laurel DriveHolmesNY12531
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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 Holmes at 6 Laurel Drive, Holmes, NY, 12531 offers a 10.53% rental yield on a $299,900 purchase with $2,632/mo rent. Total monthly income registers $2,632/mo, and a $1,468/mo payment leaves $629/mo available for distribution. Annual cash flow reaches $7,550/yr on $99,417 to close, and return on cash invested stands at 27.5% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 144.23% and total cumulative return in cash at $143,392. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,632/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12531, Holmes, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,344 (100%) |
| Owner Occupied HU | 988 (73.5%) |
| Renter Occupied HU | 180 (13.4%) |
| Vacant Housing Units | 176 (13.1%) |
| Median Home Value | $477,431 |
| Average Home Value | $571,172 |
Housing Distribution
Address Breakdown
Residential
1,201
Single Family
1,181
Multi-Family
20
Businesses
54
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