17 Johnny Cake Hollow RoadMelroseNY12121
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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 Melrose at 17 Johnny Cake Hollow Road, Melrose, NY, 12121 listed at $549,900 pairs $3,672/mo rent with a $2,691/mo payment to leave $0/mo cash flow. Total monthly income runs $3,672/mo, and annual cash flow reaches $4/yr on $180,917 cash to close. Return on cash invested measures 20.06% in year one, and rental yield registers 8.01% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 104.3% and total cumulative return in cash totals $188,690. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,672/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
2.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12121, Melrose, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 661 (85.2%) |
| Renter Occupied HU | 59 ( 7.6%) |
| Vacant Housing Units | 56 ( 7.2%) |
| Median Home Value | $338,995 |
| Average Home Value | $410,530 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
25
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