1148 State Route 96PhelpsNY14532
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1148 State Route 96, Phelps, NY, 14532 in Phelps is listed at $159,900 and delivers $1,320/mo in rent and $252/mo in net monthly cash flow. The 9.91% yield and 1.74 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $44,177 over five years, and $1,340/yr in principal reduction supplements cash return. Total projected cumulative return: $74,207.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $252 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,320 |
| Total Monthly Debt Service | $1,043 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1884
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14532, Phelps, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,905 (100%) |
| Owner Occupied HU | 1,366 (71.7%) |
| Renter Occupied HU | 408 (21.4%) |
| Vacant Housing Units | 131 ( 6.9%) |
| Median Home Value | $193,750 |
| Average Home Value | $244,118 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,708
Multi-Family
82
Businesses
124
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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
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