111 Schmidt StFondaNY12068
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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 Fonda at 111 Schmidt St, Fonda, NY, 12068 priced at $229,900 converts $1,606/mo rent into $71/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,606/mo, and annual cash flow totals $852/yr on $76,212 invested. Return on cash invested prints 21.03% in year one, and rental yield reads 8.38% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 109.54% and total cumulative return in cash sums $83,483. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,606/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1915
7,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12068, Fonda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,404 (100%) |
| Owner Occupied HU | 1,017 (72.4%) |
| Renter Occupied HU | 242 (17.2%) |
| Vacant Housing Units | 145 (10.3%) |
| Median Home Value | $205,962 |
| Average Home Value | $219,705 |
Housing Distribution
Address Breakdown
Residential
982
Single Family
958
Multi-Family
24
Businesses
80
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