1507 Grovenors Corners RoadCentral BridgeNY12035
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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 Central Bridge at 1507 Grovenors Corners Road, Central Bridge, NY, 12035 listed at $339,000 pairs $2,512/mo rent with a $1,659/mo payment to leave $248/mo cash flow. Total monthly income runs $2,512/mo, and annual cash flow reaches $2,981/yr on $112,379 cash to close. Return on cash invested measures 22.56% in year one, and rental yield registers 8.89% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 117.73% and total cumulative return in cash totals $132,304. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,512/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12035, Central Bridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 398 (100%) |
| Owner Occupied HU | 254 (63.8%) |
| Renter Occupied HU | 78 (19.6%) |
| Vacant Housing Units | 66 (16.6%) |
| Median Home Value | $208,209 |
| Average Home Value | $311,811 |
Housing Distribution
Address Breakdown
Residential
195
Single Family
185
Multi-Family
10
Businesses
16
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Listed by: Dean C Nunamann • Century 21 Rural Estates
Mls Name: Global MLS
Mls Provider:
Mls ID: #202514406
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