664 Gifford Hollow RoadBerneNY12023
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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 Berne at 664 Gifford Hollow Road, Berne, NY, 12023 offers $3,438/mo rent that, after a $2,839/mo payment. Total monthly income is $3,438/mo. Return on cash invested measures 17.32% in year one, and rental yield stands at 7.11% at a $580,000 entry. Equity gained on principal adds $3,743/yr while 5% annual appreciation compounds into $160,243 by year five. Five-year ROI records 89.59% and total cumulative return in cash reaches $170,949. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,438/mo property income versus a $2,839/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12023, Berne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 684 (68.8%) |
| Renter Occupied HU | 103 (10.4%) |
| Vacant Housing Units | 207 (20.8%) |
| Median Home Value | $285,841 |
| Average Home Value | $306,787 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
30
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Listed by: Wayne A Newcomb, Jr. • Newcomb Realty Group LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202516544
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker