77 McCormack RoadSlingerlandsNY12159
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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 Slingerlands at 77 McCormack Road, Slingerlands, NY, 12159 offers $2,705/mo rent that, after a $2,198/mo payment. Total monthly income is $2,705/mo. Return on cash invested measures 17.54% in year one, and rental yield stands at 7.23% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 90.81% and total cumulative return in cash reaches $135,160. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,705/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12159, Slingerlands, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,847 (100%) |
| Owner Occupied HU | 2,280 (59.3%) |
| Renter Occupied HU | 1,283 (33.4%) |
| Vacant Housing Units | 284 ( 7.4%) |
| Median Home Value | $464,794 |
| Average Home Value | $494,284 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,189
Multi-Family
618
Businesses
192
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Listed by: Mary Bintz • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202525805