12 Carriage CtFarmingtonNY14425
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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 Farmington at 12 Carriage Ct, Farmington, NY, 14425 offers $1,439/mo rent that, after a $881/mo payment, leaves $237/mo cash flow. Total monthly income is $1,439/mo, and annual cash flow is $2,846/yr on $59,637 cash. Return on cash invested measures 24.68% in year one, and rental yield stands at 9.6% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 129.12% and total cumulative return in cash reaches $77,001. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,439/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1973
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14425, Farmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,813 (100%) |
| Owner Occupied HU | 3,773 (64.9%) |
| Renter Occupied HU | 1,732 (29.8%) |
| Vacant Housing Units | 308 ( 5.3%) |
| Median Home Value | $234,313 |
| Average Home Value | $260,187 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,228
Multi-Family
501
Businesses
205
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Listed by: Jennifer B. LaRoche • Keller Williams Realty Gateway
Mls Name: NYSAMLSs
Mls ID: #R1659536