141 Ernest RoadSummitNY12175
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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 Summit at 141 Ernest Road, Summit, NY, 12175 uses $76,212 cash to close to unlock $1,416/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,653/mo, and a $1,125/mo payment keeps the spread at $118/mo. Purchase price stands at $229,900, and rental yield measures 8.63% with $1,653/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 113.52% and total cumulative return in cash records $86,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,653/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12175, Summit, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 513 (100%) |
| Owner Occupied HU | 235 (45.8%) |
| Renter Occupied HU | 38 ( 7.4%) |
| Vacant Housing Units | 240 (46.8%) |
| Median Home Value | $181,250 |
| Average Home Value | $251,755 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
7
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