204 Michael DriveDelansonNY12053
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Delanson at 204 Michael Drive, Delanson, NY, 12053 priced at $349,999 converts $2,560/mo rent into $223/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,560/mo, and annual cash flow totals $2,674/yr on $116,025 invested. Return on cash invested prints 22.21% in year one, and rental yield reads 8.78% against a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,698 by year five. Five-year ROI reaches 115.84% and total cumulative return in cash sums $134,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,560/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12053, Delanson, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,985 (100%) |
| Owner Occupied HU | 1,651 (83.2%) |
| Renter Occupied HU | 193 ( 9.7%) |
| Vacant Housing Units | 141 ( 7.1%) |
| Median Home Value | $307,396 |
| Average Home Value | $317,065 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,706
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices