0 County Highway 22Richfield SpringsNY13439
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 Richfield Springs at 0 County Highway 22, Richfield Springs, NY, 13439 priced at $199,000 converts $1,874/mo rent into $545/mo cash flow after a $974/mo obligation. Total monthly income equals $1,874/mo, and annual cash flow totals $6,541/yr on $65,969 invested. Return on cash invested prints 29.83% in year one, and rental yield reads 11.3% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 156.72% and total cumulative return in cash sums $103,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,874/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13439, Richfield Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,320 (100%) |
| Owner Occupied HU | 1,222 (52.7%) |
| Renter Occupied HU | 354 (15.3%) |
| Vacant Housing Units | 744 (32.1%) |
| Median Home Value | $212,587 |
| Average Home Value | $290,252 |
Housing Distribution
Address Breakdown
Residential
1,223
Single Family
1,199
Multi-Family
24
Businesses
108
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Nearby investment properties with comparable prices
Listed by: David Wood • JOHN MITCHELL REAL ESTATE LLC
Mls Name: NY State MLS
Mls ID: #11240404