812 Mackey RoadEast DurhamNY12423
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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 East Durham at 812 Mackey Road, East Durham, NY, 12423 priced at $299,000 converts $2,381/mo rent into $385/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,381/mo, and annual cash flow totals $4,617/yr on $99,119 invested. Return on cash invested prints 24.57% in year one, and rental yield reads 9.56% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 128.46% and total cumulative return in cash sums $127,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,381/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12423, East Durham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 704 (100%) |
| Owner Occupied HU | 392 (55.7%) |
| Renter Occupied HU | 105 (14.9%) |
| Vacant Housing Units | 207 (29.4%) |
| Median Home Value | $253,571 |
| Average Home Value | $320,325 |
Housing Distribution
Address Breakdown
Residential
490
Single Family
490
Multi-Family
0
Businesses
36
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Listed by: Gilah R Moses • Moses Realty, LLC
Mls Name: Global MLS
Mls ID: #202527417