1048 E Main StBurkeNY12917
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
Investment property for sale in Burke at 1048 E Main St, Burke, NY, 12917 uses $79,229 cash to close to unlock $8,661/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $2,318/mo, and a $1,170/mo payment keeps the spread at $722/mo. Purchase price stands at $239,000, and rental yield measures 11.64% with $2,318/mo rent. Return on cash invested shows 30.84% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 162.11% and total cumulative return in cash records $128,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,318/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12917, Burke, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 653 (100%) |
| Owner Occupied HU | 471 (72.1%) |
| Renter Occupied HU | 91 (13.9%) |
| Vacant Housing Units | 91 (13.9%) |
| Median Home Value | $137,132 |
| Average Home Value | $165,865 |
Housing Distribution
Address Breakdown
Residential
544
Single Family
537
Multi-Family
7
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices