1127 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
Rental property for sale in Wilmington at 1127 Springfield Rd, Wilmington, NY, 12997 generates $2,640/mo in rent, after a $4,870/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 5.38% in year one, and rental yield is 3.18% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 25.54% and total cumulative return in cash sums $83,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
2.60 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: John Favro • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls ID: #204774