101 Melbourne StVestalNY13850
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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 Vestal at 101 Melbourne St, Vestal, NY, 13850 priced at $144,900 converts $2,400/mo rent into $1,433/mo cash flow after a $709/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $17,191/yr on $48,034 invested. Return on cash invested prints 55.7% in year one, and rental yield reads 19.88% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 295.44% and total cumulative return in cash sums $141,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13850, Vestal, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,667 (100%) |
| Owner Occupied HU | 6,527 (67.5%) |
| Renter Occupied HU | 2,350 (24.3%) |
| Vacant Housing Units | 790 ( 8.2%) |
| Median Home Value | $198,051 |
| Average Home Value | $275,759 |
Housing Distribution
Address Breakdown
Residential
8,697
Single Family
7,763
Multi-Family
934
Businesses
686
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Listed by: Molly Nolan • CENTURY 21 NORTH EAST
Mls Name: GBMLS
Mls Provider:
Mls ID: #327437
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.