1385 County Route 29OlmstedvilleNY12857
Nearby investment properties with comparable rents
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
Investment property for sale in Olmstedville at 1385 County Route 29, Olmstedville, NY, 12857 offers a 10.07% rental yield on a $239,900 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $1,174/mo payment leaves $412/mo available for distribution. Annual cash flow reaches $4,946/yr on $79,527 to close, and return on cash invested stands at 26.13% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 136.87% and total cumulative return in cash at $108,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1935
8,712 sqft 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: Scott P Varley • KW Platform
Mls Name: Global MLS
Mls Provider:
Mls ID: #202517020
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker