15 Whig StNewark ValleyNY13811
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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 Newark Valley at 15 Whig St, Newark Valley, NY, 13811 priced at $119,000 converts $1,523/mo rent into $729/mo cash flow after a $582/mo obligation. Total monthly income equals $1,523/mo, and annual cash flow totals $8,745/yr on $39,449 invested. Return on cash invested prints 42.08% in year one, and rental yield reads 15.36% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 222.38% and total cumulative return in cash sums $87,725. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,523/mo property income covering a $582/mo payment, not borrower’s personal income.
Multi Family
Built in 1965
7,144 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13811, Newark Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,693 (100%) |
| Owner Occupied HU | 1,242 (73.4%) |
| Renter Occupied HU | 302 (17.8%) |
| Vacant Housing Units | 149 ( 8.8%) |
| Median Home Value | $162,868 |
| Average Home Value | $193,257 |
Housing Distribution
Address Breakdown
Residential
1,695
Single Family
1,658
Multi-Family
37
Businesses
60
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Listed by: Thomas J Reid • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332599