0 County Route 57Three Mile BayNY13693
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 Three Mile Bay at 0 County Route 57, Three Mile Bay, NY, 13693 priced at $140,250 converts $2,245/mo rent into $1,309/mo cash flow after a $686/mo obligation. Total monthly income equals $2,245/mo, and annual cash flow totals $15,707/yr on $46,493 invested. Return on cash invested prints 53.69% in year one, and rental yield reads 19.21% against a $140,250 entry. Equity gained on principal adds $905/yr, while 5% annual appreciation compiles into $38,748 by year five. Five-year ROI reaches 284.65% and total cumulative return in cash sums $132,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,245/mo property income covering a $686/mo payment, not borrower’s personal income.
Lot
Built in N/A
5.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13693, Three Mile Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,081 (100%) |
| Owner Occupied HU | 215 (19.9%) |
| Renter Occupied HU | 15 ( 1.4%) |
| Vacant Housing Units | 851 (78.7%) |
| Median Home Value | $298,750 |
| Average Home Value | $313,942 |
Housing Distribution
Address Breakdown
Residential
381
Single Family
381
Multi-Family
0
Businesses
9
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Nearby investment properties with comparable prices
Listed by: Gail W Miller • Lake Ontario Realty, LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1495231
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