1586 State Highway 162SprakersNY12166
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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 Sprakers at 1586 State Highway 162, Sprakers, NY, 12166 uses $106,943 cash to close to unlock $12,524/yr annual cash flow and $1,044/mo monthly cash flow. Total monthly income runs $3,198/mo, and a $1,579/mo payment keeps the spread at $1,044/mo. Purchase price stands at $322,602, and rental yield measures 11.9% with $3,198/mo rent. Return on cash invested shows 31.62% in year one, and 5% annual appreciation builds toward $89,129 over five years. Five-year ROI reaches 166.3% and total cumulative return in cash records $177,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,198/mo property income covering a $1,579/mo payment rather than investor’s personal income.
Single Family
Built in 1988
6.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12166, Sprakers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 668 (100%) |
| Owner Occupied HU | 505 (75.6%) |
| Renter Occupied HU | 84 (12.6%) |
| Vacant Housing Units | 79 (11.8%) |
| Median Home Value | $196,802 |
| Average Home Value | $230,426 |
Housing Distribution
Address Breakdown
Residential
552
Single Family
552
Multi-Family
0
Businesses
25
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