75 Shaker Ridge DriveCanaanNY12029
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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 Canaan at 75 Shaker Ridge Drive, Canaan, NY, 12029 generates $7,266/mo in rent, after a $6,852/mo payment. Total monthly income is $7,266/mo. Return on cash invested sits at 14.86% in year one, and rental yield is 6.23% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 76.33% and total cumulative return in cash sums $346,231. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,266/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
6.10 Acres lot
$N/A/sqft
No HOA
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Listed by: Anthony Dargenzio • Houlihan Lawrence Inc.
Mls Name: HVCRMLS
Mls Provider:
Mls ID: #20253371
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