16 Riley WayPeruNY12972
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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 Peru at 16 Riley Way, Peru, NY, 12972 priced at $350,000 converts $3,421/mo rent into $1,084/mo cash flow after a $1,713/mo obligation. Total monthly income equals $3,421/mo, and annual cash flow totals $13,006/yr on $116,025 invested. Return on cash invested prints 31.12% in year one, and rental yield reads 11.73% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 163.6% and total cumulative return in cash sums $189,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,421/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1975
3.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12972, Peru, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,623 (100%) |
| Owner Occupied HU | 1,861 (70.9%) |
| Renter Occupied HU | 504 (19.2%) |
| Vacant Housing Units | 258 ( 9.8%) |
| Median Home Value | $266,947 |
| Average Home Value | $315,027 |
Housing Distribution
Address Breakdown
Residential
2,368
Single Family
2,338
Multi-Family
30
Businesses
103
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Listed by: Diane Mcgee-Rock • Century 21 The One
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203161
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.