1670 County Route 64SalemNY12865
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Salem at 1670 County Route 64, Salem, NY, 12865 offers a 11.73% rental yield on a $349,990 purchase with $3,422/mo rent. Total monthly income registers $3,422/mo, and a $1,713/mo payment leaves $1,085/mo available for distribution. Annual cash flow reaches $13,018/yr on $116,022 to close, and return on cash invested stands at 31.13% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,696 over five years. Portfolio math shows five-year ROI at 163.65% and total cumulative return in cash at $189,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,422/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12865, Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,742 (100%) |
| Owner Occupied HU | 1,143 (65.6%) |
| Renter Occupied HU | 229 (13.1%) |
| Vacant Housing Units | 370 (21.2%) |
| Median Home Value | $205,992 |
| Average Home Value | $331,721 |
Housing Distribution
Address Breakdown
Residential
1,312
Single Family
1,312
Multi-Family
0
Businesses
76
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