60 Cherry LaneStormvilleNY12582
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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 Stormville at 60 Cherry Lane, Stormville, NY, 12582 generates $1,544/mo in rent and, after a $978/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,544/mo, and annual cash flow is $2,514/yr on $66,267 invested. Return on cash invested sits at 23.7% in year one, and rental yield is 9.27% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 123.86% and total cumulative return in cash sums $82,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,544/mo property income rather than buyer’s personal income.
Single Family
Built in 1750
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12582, Stormville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,633 (100%) |
| Owner Occupied HU | 1,368 (83.8%) |
| Renter Occupied HU | 193 (11.8%) |
| Vacant Housing Units | 72 ( 4.4%) |
| Median Home Value | $502,037 |
| Average Home Value | $570,780 |
Housing Distribution
Address Breakdown
Residential
1,574
Single Family
1,574
Multi-Family
0
Businesses
91
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Listed by: Lynn Angelo • BHHS Hudson Valley Properties
Mls Name: OneKey MLS
Mls ID: #926772