97 Riverside DriveChestertownNY12817
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chestertown at 97 Riverside Drive, Chestertown, NY, 12817 priced at $149,900 converts $1,450/mo rent into $449/mo cash flow after a $734/mo obligation. Total monthly income equals $1,450/mo, and annual cash flow totals $5,384/yr on $49,692 invested. Return on cash invested prints 30.74% in year one, and rental yield reads 11.61% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 161.63% and total cumulative return in cash sums $80,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,450/mo property income covering a $734/mo payment, not borrower’s personal income.
Multi Family
Built in 1850
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12817, Chestertown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 794 (38.4%) |
| Renter Occupied HU | 208 (10.1%) |
| Vacant Housing Units | 1,064 (51.5%) |
| Median Home Value | $391,566 |
| Average Home Value | $447,106 |
Housing Distribution
Address Breakdown
Residential
797
Single Family
797
Multi-Family
0
Businesses
99
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Listed by: Marina Feeney • Howard Hanna
Mls Name: Global MLS
Mls ID: #202526275