1489 State Route 22bMorrisonvilleNY12962
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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 Morrisonville at 1489 State Route 22b, Morrisonville, NY, 12962 earns $854/mo cash flow from $2,652/mo rent with a $1,318/mo payment. Total monthly income totals $2,652/mo, and annual cash flow totals $10,245/yr on $89,273 capital. ROI tracks 31.39% on current figures, and rental yield reads 11.82% at a $269,300 purchase. Equity gained on principal adds $1,738/yr, and 5% annual appreciation supports $74,403 over five years. Five-year ROI reaches 165.02% and total cumulative return in cash sums $147,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,652/mo property income instead of your personal income.
Single Family
Built in 1856
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12962, Morrisonville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,372 (100%) |
| Owner Occupied HU | 1,723 (72.6%) |
| Renter Occupied HU | 462 (19.5%) |
| Vacant Housing Units | 187 ( 7.9%) |
| Median Home Value | $248,430 |
| Average Home Value | $265,322 |
Housing Distribution
Address Breakdown
Residential
2,166
Single Family
2,117
Multi-Family
49
Businesses
66
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