221 Colgate RoadEast JewettNY12424
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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 East Jewett at 221 Colgate Road, East Jewett, NY, 12424 offers $2,033/mo rent that, after a $1,415/mo payment, leaves $103/mo cash flow. Total monthly income is $2,033/mo, and annual cash flow is $1,231/yr on $95,804 cash. Return on cash invested measures 21.19% in year one, and rental yield stands at 8.44% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 110.39% and total cumulative return in cash reaches $105,758. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,033/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12424, East Jewett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 308 (100%) |
| Owner Occupied HU | 98 (31.8%) |
| Renter Occupied HU | 20 ( 6.5%) |
| Vacant Housing Units | 190 (61.7%) |
| Median Home Value | $388,235 |
| Average Home Value | $475,663 |
Housing Distribution
Address Breakdown
Residential
100
Single Family
100
Multi-Family
0
Businesses
6
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Listed by: Alexis Amico • Dugo Realty
Mls Name: HVCRMLS
Mls ID: #20255893