130 Erwin StBoonvilleNY13309
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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 Boonville at 130 Erwin St, Boonville, NY, 13309 generates $1,373/mo in rent and, after a $563/mo payment, leaves $605/mo in cash flow. Total monthly income is $1,373/mo, and annual cash flow is $7,259/yr on $38,123 invested. Return on cash invested sits at 38.95% in year one, and rental yield is 14.33% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 205.6% and total cumulative return in cash sums $78,381. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,373/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13309, Boonville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,991 (100%) |
| Owner Occupied HU | 1,877 (62.8%) |
| Renter Occupied HU | 610 (20.4%) |
| Vacant Housing Units | 504 (16.9%) |
| Median Home Value | $246,765 |
| Average Home Value | $267,528 |
Housing Distribution
Address Breakdown
Residential
2,380
Single Family
2,302
Multi-Family
78
Businesses
190
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