216 Eagle Mountain RoadSummitNY12175
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 Summit at 216 Eagle Mountain Road, Summit, NY, 12175 priced at $199,000 pairs $1,541/mo rent with $212/mo cash flow after a $974/mo payment. Total monthly income equals $1,541/mo, and annual cash flow comes to $2,545/yr on $65,969 invested. Return on cash invested is 23.77% in year one, and rental yield stands at 9.29% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 124.25% and total cumulative return in cash reaches $81,966. For financing, Ziffy Mortgage’s DSCR program evaluates $1,541/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1975
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12175, Summit, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 513 (100%) |
| Owner Occupied HU | 235 (45.8%) |
| Renter Occupied HU | 38 ( 7.4%) |
| Vacant Housing Units | 240 (46.8%) |
| Median Home Value | $181,250 |
| Average Home Value | $251,755 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
7
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Listed by: Harold J Loder • Country Boy Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202514343
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker