109 Joyce RoadMinevilleNY12956
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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 Mineville at 109 Joyce Road, Mineville, NY, 12956 offers a 9.1% rental yield on a $135,000 purchase with $1,024/mo rent. Total monthly income registers $1,024/mo, and a $661/mo payment leaves $122/mo available for distribution. Annual cash flow reaches $1,467/yr on $44,753 to close, and return on cash invested stands at 23.19% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 121.15% and total cumulative return in cash at $54,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,024/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12956, Mineville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 361 (62.9%) |
| Renter Occupied HU | 113 (19.7%) |
| Vacant Housing Units | 100 (17.4%) |
| Median Home Value | $124,167 |
| Average Home Value | $205,533 |
Housing Distribution
Address Breakdown
Residential
397
Single Family
397
Multi-Family
0
Businesses
9
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