657 County Route 48AltmarNY13302
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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 Altmar at 657 County Route 48, Altmar, NY, 13302 generates $2,400/mo in rent, after a $2,373/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 13.66% in year one, and rental yield is 5.94% on a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 69.96% and total cumulative return in cash sums $112,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
8.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13302, Altmar, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,029 (100%) |
| Owner Occupied HU | 461 (44.8%) |
| Renter Occupied HU | 99 ( 9.6%) |
| Vacant Housing Units | 469 (45.6%) |
| Median Home Value | $137,891 |
| Average Home Value | $180,591 |
Housing Distribution
Address Breakdown
Residential
553
Single Family
553
Multi-Family
0
Businesses
29
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