1988 County Highway 22Richfield SpringsNY13439
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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 Richfield Springs at 1988 County Highway 22, Richfield Springs, NY, 13439 with 5% annual appreciation on a $592,000 basis while $6,151/mo rent supports operations. Total monthly income totals $6,151/mo and a $2,898/mo payment preserves $2,189/mo for cash returns. Annual cash flow comes to $26,271/yr on $194,768 deployed, and return on cash invested reaches 33.55% in year one. Equity gained on principal adds $3,820/yr, and five-year appreciation sums $163,559 alongside rental yield of 12.47%. Five-year ROI measures 176.63% and total cumulative return in cash totals $344,012.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,151/mo property income versus a $2,898/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
10 Acres lot
$N/A/sqft
$8 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13439, Richfield Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,320 (100%) |
| Owner Occupied HU | 1,222 (52.7%) |
| Renter Occupied HU | 354 (15.3%) |
| Vacant Housing Units | 744 (32.1%) |
| Median Home Value | $212,587 |
| Average Home Value | $290,252 |
Housing Distribution
Address Breakdown
Residential
1,223
Single Family
1,199
Multi-Family
24
Businesses
108
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Listed by: Nancy Angerer • LAMB REALTY
Mls Name: NY State MLS
Mls ID: #11324433