1914 State Highway 345MadridNY13660
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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 Madrid at 1914 State Highway 345, Madrid, NY, 13660 uses $62,952 cash to close to unlock $2,728/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $1,495/mo, and a $929/mo payment keeps the spread at $227/mo. Purchase price stands at $189,900, and rental yield measures 9.45% with $1,495/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 126.77% and total cumulative return in cash records $79,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,495/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1917
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13660, Madrid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 846 (100%) |
| Owner Occupied HU | 575 (68.0%) |
| Renter Occupied HU | 143 (16.9%) |
| Vacant Housing Units | 128 (15.1%) |
| Median Home Value | $148,566 |
| Average Home Value | $194,091 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
668
Multi-Family
8
Businesses
34
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Listed by: Nikki Coates • Nikki Coates & Associates LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #50286
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.