116 Farrell RoadElka ParkNY12427
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 Elka Park at 116 Farrell Road, Elka Park, NY, 12427 offers a 8.53% rental yield on a $299,000 purchase with $2,125/mo rent. Total monthly income registers $2,125/mo, and a $1,463/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,545/yr on $99,119 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 111.83% and total cumulative return in cash at $110,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,125/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12427, Elka Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 474 (100%) |
| Owner Occupied HU | 147 (31.0%) |
| Renter Occupied HU | 69 (14.6%) |
| Vacant Housing Units | 258 (54.4%) |
| Median Home Value | $280,833 |
| Average Home Value | $368,333 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
10
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Listed by: Eliana Amodio • Amodio Real Estate & Prop
Mls Name: UCBR
Mls Provider:
Mls ID: #20243624
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