18 Wiley WayCorinthNY12822
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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 Corinth at 18 Wiley Way, Corinth, NY, 12822 generates $2,824/mo in rent and, after a $1,835/mo payment, leaves $320/mo in cash flow. Total monthly income is $2,824/mo, and annual cash flow is $3,843/yr on $124,313 invested. Return on cash invested sits at 23% in year one, and rental yield is 9.04% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 120.09% and total cumulative return in cash sums $149,283. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,824/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12822, Corinth, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,046 (100%) |
| Owner Occupied HU | 1,775 (58.3%) |
| Renter Occupied HU | 661 (21.7%) |
| Vacant Housing Units | 610 (20.0%) |
| Median Home Value | $224,868 |
| Average Home Value | $315,056 |
Housing Distribution
Address Breakdown
Residential
2,697
Single Family
2,642
Multi-Family
55
Businesses
84
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