14141 Melanie LnHarrisvilleNY13648
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
Rental property for sale in Harrisville at 14141 Melanie Ln, Harrisville, NY, 13648 priced at $189,900 pairs $1,860/mo rent with $592/mo cash flow after a $929/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $7,108/yr on $62,952 invested. Return on cash invested is 31.2% in year one, and rental yield stands at 11.75% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 164.06% and total cumulative return in cash reaches $103,277. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13648, Harrisville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,791 (100%) |
| Owner Occupied HU | 795 (44.4%) |
| Renter Occupied HU | 178 ( 9.9%) |
| Vacant Housing Units | 818 (45.7%) |
| Median Home Value | $170,032 |
| Average Home Value | $213,912 |
Housing Distribution
Address Breakdown
Residential
783
Single Family
765
Multi-Family
18
Businesses
30
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Nearby investment properties with comparable prices
Listed by: Joseph Murtha • North Star Real Estate & Property Management
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1549052
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