118 Federal Flats RoadOlmstedvilleNY12857
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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 Olmstedville at 118 Federal Flats Road, Olmstedville, NY, 12857 priced at $214,900 converts $1,501/mo rent into $66/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,501/mo, and annual cash flow totals $789/yr on $71,239 invested. Return on cash invested prints 21.02% in year one, and rental yield reads 8.38% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 109.43% and total cumulative return in cash sums $77,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,501/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1999
4.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12857, Olmstedville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 236 (37.5%) |
| Renter Occupied HU | 50 ( 7.9%) |
| Vacant Housing Units | 344 (54.6%) |
| Median Home Value | $237,838 |
| Average Home Value | $270,233 |
Housing Distribution
Address Breakdown
Residential
214
Single Family
214
Multi-Family
0
Businesses
7
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Listed by: Robert L Taylor • KW Platform
Mls Name: Global MLS
Mls ID: #202525825