802 Heather LaneAltamontNY12009
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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 Altamont at 802 Heather Lane, Altamont, NY, 12009 earns $892/mo cash flow from $3,263/mo rent with a $1,738/mo payment. Total monthly income totals $3,263/mo, and annual cash flow totals $10,703/yr on $117,683 capital. ROI tracks 29% on current figures, and rental yield reads 11.03% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 152.24% and total cumulative return in cash sums $179,160. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,263/mo property income instead of your personal income.
Condo
Built in 2010
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12009, Altamont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,442 (66.3%) |
| Renter Occupied HU | 1,020 (27.7%) |
| Vacant Housing Units | 223 ( 6.1%) |
| Median Home Value | $397,480 |
| Average Home Value | $429,887 |
Housing Distribution
Address Breakdown
Residential
3,023
Single Family
2,862
Multi-Family
161
Businesses
168
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