Rented normally, you'd make about $469 a month, and it holds up.

The rent is our own estimate — worth checking against two or three real local lettings. One month without a tenant wipes out about 3 months of that profit, so keep a buffer for gaps. It has been listed 298 days without selling, which is your argument for offering less.

Lot # 19 296 Route 295, Chatham, NY 12037 · 998 sqft · $115/sqft

2 BED MANUFACTUREDListed 298d ago

$114,900

List price

Monthly profit

+$469/mo

Cash needed

$32K

+ refurb costs

Return after costs

5.6%

Cash return

17.7%

Strong

Rented normally at the asking price, this stacks up on every check we can run — 17.47% return before costs on price.

Why it works

Monthly profit +$469/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
17.47% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

One card is deliberately absent. Renting it by the room — Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …