2216 State Route 28NMinervaNY12851
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 Minerva at 2216 State Route 28N, Minerva, NY, 12851 priced at $539,000 pairs $2,479/mo rent with after a $2,638/mo payment. Total monthly income equals $2,479/mo. Return on cash invested is 12.48% in year one, and rental yield stands at 5.52% on a $539,000 basis. Equity gained on principal adds $3,478/yr, and 5% annual appreciation accumulates to $148,916 by year five. Five-year ROI measures 63.62% and total cumulative return in cash reaches $112,824. For financing, Ziffy Mortgage’s DSCR program evaluates $2,479/mo property income against a $2,638/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
98.90 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Mead • Gallo Realty ADK Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202418388
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