116 Medbury RoadPorter CornersNY12859
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
Rental property for sale in Porter Corners at 116 Medbury Road, Porter Corners, NY, 12859 offers $3,809/mo rent that, after a $2,349/mo payment, leaves $604/mo cash flow. Total monthly income is $3,809/mo, and annual cash flow is $7,248/yr on $159,120 cash. Return on cash invested measures 24.46% in year one, and rental yield stands at 9.52% at a $480,000 entry. Equity gained on principal adds $3,097/yr while 5% annual appreciation compounds into $132,615 by year five. Five-year ROI records 127.89% and total cumulative return in cash reaches $203,501. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,809/mo property income versus a $2,349/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
2.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12859, Porter Corners, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 625 (75.9%) |
| Renter Occupied HU | 108 (13.1%) |
| Vacant Housing Units | 90 (10.9%) |
| Median Home Value | $356,651 |
| Average Home Value | $424,184 |
Housing Distribution
Address Breakdown
Residential
938
Single Family
938
Multi-Family
0
Businesses
9
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Listed by: Charles B Goodridge • Julie & Co Realty LLC
Mls Name: Global MLS
Mls ID: #202610252