116 2nd StreetConnellyNY12417
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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 Connelly at 116 2nd Street, Connelly, NY, 12417 uses $74,753 cash to close to unlock $1,234/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $1,104/mo payment keeps the spread at $103/mo. Purchase price stands at $225,500, and rental yield measures 8.56% with $1,609/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 112.33% and total cumulative return in cash records $83,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $1,104/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12417, Connelly, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
5
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