211 Spring StOld ForgeNY13420
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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
Total monthly income runs $1,901/mo, and a $2,349/mo payment. Purchase price stands at $480,000, and rental yield measures 4.75% with $1,901/mo rent. Return on cash invested shows 10.07% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 50.73% and total cumulative return in cash records $80,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,901/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13420, Old Forge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 492 (20.3%) |
| Renter Occupied HU | 137 ( 5.7%) |
| Vacant Housing Units | 1,793 (74.0%) |
| Median Home Value | $350,000 |
| Average Home Value | $456,712 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
92
Multi-Family
3
Businesses
137
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Listed by: Kathleen Rivet • Herron Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1625664
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