2036 Thornapple RdRemsenNY13438
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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 Remsen at 2036 Thornapple Rd, Remsen, NY, 13438 generates $1,332/mo in rent and, after a $719/mo payment, leaves $351/mo in cash flow. Total monthly income is $1,332/mo, and annual cash flow is $4,210/yr on $48,731 invested. Return on cash invested sits at 28.55% in year one, and rental yield is 10.87% on a $147,000 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 149.84% and total cumulative return in cash sums $73,020. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,332/mo property income rather than buyer’s personal income.
Manufactured
Built in 1966
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13438, Remsen, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,352 (61.2%) |
| Renter Occupied HU | 248 (11.2%) |
| Vacant Housing Units | 608 (27.5%) |
| Median Home Value | $245,759 |
| Average Home Value | $307,946 |
Housing Distribution
Address Breakdown
Residential
1,454
Single Family
1,454
Multi-Family
0
Businesses
47
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