23 Academy StCambridgeNY12816
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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
Investment property for sale in Cambridge at 23 Academy St, Cambridge, NY, 12816 uses $89,339 cash to close to unlock $1,229/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $1,319/mo payment keeps the spread at $102/mo. Purchase price stands at $269,500, and rental yield measures 8.47% with $1,902/mo rent. Return on cash invested shows 21.28% in year one, and 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 110.89% and total cumulative return in cash records $99,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $1,319/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12816, Cambridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,301 (100%) |
| Owner Occupied HU | 1,436 (62.4%) |
| Renter Occupied HU | 413 (17.9%) |
| Vacant Housing Units | 452 (19.6%) |
| Median Home Value | $234,528 |
| Average Home Value | $325,853 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,881
Multi-Family
62
Businesses
181
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