605 County Route 24East ChathamNY12060
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
Rental property for sale in East Chatham at 605 County Route 24, East Chatham, NY, 12060 generates $4,315/mo in rent, after a $3,549/mo payment. Total monthly income is $4,315/mo. Return on cash invested sits at 17.41% in year one, and rental yield is 7.14% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 90.07% and total cumulative return in cash sums $214,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,315/mo property income rather than buyer’s personal income.
Single Family
Built in 1830
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12060, East Chatham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 517 (60.4%) |
| Renter Occupied HU | 121 (14.1%) |
| Vacant Housing Units | 218 (25.5%) |
| Median Home Value | $408,252 |
| Average Home Value | $565,382 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
647
Multi-Family
0
Businesses
35
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Listed by: Barbara Cole Conkling • Houlihan Lawrence
Mls Name: Global MLS
Mls ID: #202525941