2091 State Route 8Bakers MillsNY12811
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
Investment property for sale in Bakers Mills at 2091 State Route 8, Bakers Mills, NY, 12811 offers a 10.38% rental yield on a $349,000 purchase with $3,020/mo rent. Total monthly income registers $3,020/mo, and a $1,708/mo payment leaves $690/mo available for distribution. Annual cash flow reaches $8,275/yr on $115,694 to close, and return on cash invested stands at 27.06% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 141.85% and total cumulative return in cash at $164,112. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,020/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
10.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12811, Bakers Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 202 (100%) |
| Owner Occupied HU | 55 (27.2%) |
| Renter Occupied HU | 35 (17.3%) |
| Vacant Housing Units | 112 (55.4%) |
| Median Home Value | $312,500 |
| Average Home Value | $388,727 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
3
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Listed by: Karen I Foster • Equitas Realty
Mls Name: Global MLS
Mls ID: #202528991