1113 State Route 81ClimaxNY12042
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 Climax at 1113 State Route 81, Climax, NY, 12042 offers a 11.49% rental yield on a $449,900 purchase with $4,309/mo rent. Total monthly income registers $4,309/mo, and a $2,202/mo payment leaves $1,305/mo available for distribution. Annual cash flow reaches $15,656/yr on $149,142 to close, and return on cash invested stands at 30.41% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 159.78% and total cumulative return in cash at $238,294. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,309/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1999
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12042, Climax, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 91 (100%) |
| Owner Occupied HU | 65 (71.4%) |
| Renter Occupied HU | 12 (13.2%) |
| Vacant Housing Units | 14 (15.4%) |
| Median Home Value | $397,222 |
| Average Home Value | $440,154 |
Housing Distribution
Address Breakdown
Residential
177
Single Family
177
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices