22 Burr AveNew York MillsNY13417
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 New York Mills at 22 Burr Ave, New York Mills, NY, 13417 priced at $263,000 pairs $2,147/mo rent with $391/mo cash flow after a $1,287/mo payment. Total monthly income equals $2,147/mo, and annual cash flow comes to $4,692/yr on $87,185 invested. Return on cash invested is 25.29% in year one, and rental yield stands at 9.8% on a $263,000 basis. Equity gained on principal adds $1,697/yr, and 5% annual appreciation accumulates to $72,662 by year five. Five-year ROI measures 132.33% and total cumulative return in cash reaches $115,367. For financing, Ziffy Mortgage’s DSCR program evaluates $2,147/mo property income against a $1,287/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13417, New York Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,663 (100%) |
| Owner Occupied HU | 654 (39.3%) |
| Renter Occupied HU | 839 (50.5%) |
| Vacant Housing Units | 170 (10.2%) |
| Median Home Value | $172,248 |
| Average Home Value | $199,247 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,420
Multi-Family
285
Businesses
135
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Listed by: Michele Bruzzese • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1619978
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