1061 Springfield RdWilmingtonNY12997
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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
Total monthly income runs $2,196/mo, and a $2,374/mo payment. Purchase price stands at $485,000, and rental yield measures 5.43% with $2,196/mo rent. Return on cash invested shows 12.12% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 61.76% and total cumulative return in cash records $99,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12997, Wilmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 953 (100%) |
| Owner Occupied HU | 438 (46.0%) |
| Renter Occupied HU | 133 (14.0%) |
| Vacant Housing Units | 382 (40.1%) |
| Median Home Value | $338,235 |
| Average Home Value | $396,484 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
401
Multi-Family
0
Businesses
51
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Listed by: Hannah Torrance • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203504
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.