215 Mineral Springs RoadMelroseNY12121
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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 Melrose at 215 Mineral Springs Road, Melrose, NY, 12121 offers a 7.71% rental yield on a $585,000 purchase with $3,757/mo rent. 13% in year one. Equity gained on principal adds $3,775/yr while 5% annual appreciation supports $161,625 over five years. Portfolio math shows five-year ROI at 99.27% and total cumulative return in cash at $191,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,757/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
26.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12121, Melrose, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 661 (85.2%) |
| Renter Occupied HU | 59 ( 7.6%) |
| Vacant Housing Units | 56 ( 7.2%) |
| Median Home Value | $338,995 |
| Average Home Value | $410,530 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
25
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