1612 Wheatstone 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 1612 Wheatstone Dr, Farmington, NY, 14425 uses $87,814 cash to close to unlock $991/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $1,297/mo payment keeps the spread at $83/mo. Purchase price stands at $264,900, and rental yield measures 8.39% with $1,852/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 109.55% and total cumulative return in cash records $96,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1977
8,637 sqft 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: Skip J. Ordway • Ordway Realtors
Mls Name: NYSAMLSs
Mls ID: #R1631156