17 Mirage LnClayNY13041
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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 Clay at 17 Mirage Ln, Clay, NY, 13041 generates $2,670/mo in rent, after a $2,031/mo payment. Total monthly income is $2,670/mo. Return on cash invested sits at 19.03% in year one, and rental yield is 7.72% on a $414,990 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,654 over five years. Five-year ROI reaches 98.74% and total cumulative return in cash sums $135,834. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,670/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13041, Clay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,652 (100%) |
| Owner Occupied HU | 3,941 (84.7%) |
| Renter Occupied HU | 546 (11.7%) |
| Vacant Housing Units | 165 ( 3.5%) |
| Median Home Value | $230,560 |
| Average Home Value | $293,719 |
Housing Distribution
Address Breakdown
Residential
4,526
Single Family
4,526
Multi-Family
0
Businesses
118
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