693 Gull Bay RoadPutnam StationNY12861
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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 Putnam Station at 693 Gull Bay Road, Putnam Station, NY, 12861 offers a 2.71% rental yield on a $949,900 purchase with $2,144/mo rent. 94% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,440 over five years. Portfolio math shows five-year ROI at 17.81% and total cumulative return in cash at $55,674. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,144/mo property income against a $4,649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12861, Putnam Station, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 559 (100%) |
| Owner Occupied HU | 206 (36.9%) |
| Renter Occupied HU | 24 ( 4.3%) |
| Vacant Housing Units | 329 (58.9%) |
| Median Home Value | $409,091 |
| Average Home Value | $549,223 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
416
Multi-Family
1
Businesses
10
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Listed by: Angela M Brown • Century 21 - Adirondacks
Mls Name: Global MLS
Mls ID: #202522493