12 Eldridge AveJohnson CityNY13790
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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
Investment property for sale in Johnson City at 12 Eldridge Ave, Johnson City, NY, 13790 offers a 9% rental yield on a $132,000 purchase with $990/mo rent. Total monthly income registers $990/mo, and a $646/mo payment leaves $109/mo available for distribution. Annual cash flow reaches $1,303/yr on $43,758 to close, and return on cash invested stands at 22.89% in year one. Equity gained on principal adds $852/yr while 5% annual appreciation supports $36,469 over five years. Portfolio math shows five-year ROI at 119.53% and total cumulative return in cash at $52,303. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $990/mo property income against a $646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13790, Johnson City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,406 (100%) |
| Owner Occupied HU | 4,215 (44.8%) |
| Renter Occupied HU | 3,857 (41.0%) |
| Vacant Housing Units | 1,334 (14.2%) |
| Median Home Value | $129,675 |
| Average Home Value | $196,243 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
7,107
Multi-Family
954
Businesses
662
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Listed by: Lisa Barrows • WARREN REAL ESTATE (FRONT STREET)
Mls Name: GBMLS
Mls ID: #333521