2216 State Route 28 NMinervaNY12851
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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
Rental property for sale in Minerva at 2216 State Route 28 N, Minerva, NY, 12851 generates $0/mo in rent, after a $2,475/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -4.3% in year one, and rental yield is 0% on a $505,600 entry. Equity gained on principal adds $3,263/yr, while 5% annual appreciation builds toward $139,688 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12851, Minerva, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 274 (100%) |
| Owner Occupied HU | 113 (41.2%) |
| Renter Occupied HU | 16 ( 5.8%) |
| Vacant Housing Units | 145 (52.9%) |
| Median Home Value | $236,250 |
| Average Home Value | $264,447 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
16
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No similar rental properties found nearby.
Nearby investment properties with comparable prices