61 Schoolhouse RoadEast ChathamNY12060
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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 East Chatham at 61 Schoolhouse Road, East Chatham, NY, 12060 uses $213,521 cash to close to unlock $5,455/yr annual cash flow and $455/mo monthly cash flow. Total monthly income runs $4,789/mo, and a $3,177/mo payment keeps the spread at $455/mo. Purchase price stands at $649,000, and rental yield measures 8.85% with $4,789/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 117.97% and total cumulative return in cash records $251,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,789/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 1985
5.01 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: Thomas Pawlowski • Four Seasons Sotheby's Int.
Mls Name: HVCRMLS
Mls ID: #20254805