16 Deerwood DrInletNY13360
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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 Inlet at 16 Deerwood Dr, Inlet, NY, 13360 priced at $279,000 converts $1,932/mo rent into $68/mo cash flow after a $1,366/mo obligation. Total monthly income equals $1,932/mo, and annual cash flow totals $821/yr on $92,489 invested. Return on cash invested prints 20.8% in year one, and rental yield reads 8.31% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 108.28% and total cumulative return in cash sums $100,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,932/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Manufactured
Built in 1975
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13360, Inlet, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 993 (100%) |
| Owner Occupied HU | 139 (14.0%) |
| Renter Occupied HU | 46 ( 4.6%) |
| Vacant Housing Units | 808 (81.4%) |
| Median Home Value | $404,630 |
| Average Home Value | $388,112 |
Housing Distribution
Address Breakdown
Residential
46
Single Family
46
Multi-Family
0
Businesses
53
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