10240 Riggerman RdRemsenNY13438
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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
Investment property for sale in Remsen at 10240 Riggerman Rd, Remsen, NY, 13438 uses $72,897 cash to close to unlock $8,302/yr annual cash flow and $692/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,076/mo payment keeps the spread at $692/mo. Purchase price stands at $219,900, and rental yield measures 11.79% with $2,160/mo rent. Return on cash invested shows 31.3% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 164.57% and total cumulative return in cash records $119,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
12.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13438, Remsen, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,352 (61.2%) |
| Renter Occupied HU | 248 (11.2%) |
| Vacant Housing Units | 608 (27.5%) |
| Median Home Value | $245,759 |
| Average Home Value | $307,946 |
Housing Distribution
Address Breakdown
Residential
1,454
Single Family
1,454
Multi-Family
0
Businesses
47
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