1600 Flaxen DrFarmingtonNY14425
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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 Farmington at 1600 Flaxen Dr, Farmington, NY, 14425 listed at $189,900 pairs $1,519/mo rent with a $929/mo payment to leave $251/mo cash flow. Total monthly income runs $1,519/mo, and annual cash flow reaches $3,016/yr on $62,952 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.6% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 129.21% and total cumulative return in cash totals $81,341. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,519/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14425, Farmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,813 (100%) |
| Owner Occupied HU | 3,773 (64.9%) |
| Renter Occupied HU | 1,732 (29.8%) |
| Vacant Housing Units | 308 ( 5.3%) |
| Median Home Value | $234,313 |
| Average Home Value | $260,187 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,228
Multi-Family
501
Businesses
205
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Listed by: Danielle M. Clement • Tru Agent Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1622286