62 Clinton AvenueMonticelloNY12701
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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 Monticello at 62 Clinton Avenue, Monticello, NY, 12701 offers a 10.33% rental yield on a $285,000 purchase with $2,453/mo rent. Total monthly income registers $2,453/mo, and a $1,395/mo payment leaves $550/mo available for distribution. Annual cash flow reaches $6,597/yr on $94,478 to close, and return on cash invested stands at 26.89% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 140.94% and total cumulative return in cash at $133,158. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,453/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12701, Monticello, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,397 (100%) |
| Owner Occupied HU | 2,153 (25.6%) |
| Renter Occupied HU | 3,221 (38.4%) |
| Vacant Housing Units | 3,023 (36.0%) |
| Median Home Value | $262,260 |
| Average Home Value | $318,832 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,786
Multi-Family
1,072
Businesses
707
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Listed by: Kassandra M. Mott • Keller Williams Hudson Valley
Mls Name: OneKey MLS
Mls ID: #877940