12 Bowman Ln UNIT 2WilmingtonNY12997
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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 Wilmington at 12 Bowman Ln UNIT 2, Wilmington, NY, 12997 offers $3,304/mo rent that, after a $2,976/mo payment. Total monthly income is $3,304/mo. Return on cash invested measures 15.52% in year one, and rental yield stands at 6.52% at a $608,000 entry. Equity gained on principal adds $3,923/yr while 5% annual appreciation compounds into $167,979 by year five. Five-year ROI records 79.93% and total cumulative return in cash reaches $159,891. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,304/mo property income versus a $2,976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12997, Wilmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 953 (100%) |
| Owner Occupied HU | 438 (46.0%) |
| Renter Occupied HU | 133 (14.0%) |
| Vacant Housing Units | 382 (40.1%) |
| Median Home Value | $338,235 |
| Average Home Value | $396,484 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
401
Multi-Family
0
Businesses
51
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Listed by: Michael Martineau • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls ID: #200190