16 Wheeler AvenueMaloneNY12953
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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 Malone at 16 Wheeler Avenue, Malone, NY, 12953 priced at $570,000 converts $1,795/mo rent into after a $2,790/mo obligation. Total monthly income equals $1,795/mo. Return on cash invested prints 7.19% in year one, and rental yield reads 3.78% against a $570,000 entry. Equity gained on principal adds $3,678/yr, while 5% annual appreciation compiles into $157,480 by year five. Five-year ROI reaches 35.25% and total cumulative return in cash sums $66,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,795/mo property income covering a $2,790/mo payment, not borrower’s personal income.
Condo
Built in 1897
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12953, Malone, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,846 (100%) |
| Owner Occupied HU | 3,179 (54.4%) |
| Renter Occupied HU | 1,686 (28.8%) |
| Vacant Housing Units | 981 (16.8%) |
| Median Home Value | $154,194 |
| Average Home Value | $211,728 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,488
Multi-Family
437
Businesses
491
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Listed by: Tracy Thompson • Thompson Real Estate Team
Mls Name: Global MLS
Mls Provider:
Mls ID: #202419477
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