23 Foote StreetMinevilleNY12956
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 23 Foote Street, Mineville, NY, 12956 in Mineville: $2,815/mo in rent, $1,713/mo net, 20.47% gross yield, all on a $165,000 acquisition. The 3.79 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $45,586 in value, and $1,520/yr in principal paydown steadily builds equity. Projected total cumulative return: $173,162.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 20.5% | 6.2% |
| Monthly Cash Flow | $1,713 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,815 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 2.72x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12956, Mineville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 361 (62.9%) |
| Renter Occupied HU | 113 (19.7%) |
| Vacant Housing Units | 100 (17.4%) |
| Median Home Value | $124,167 |
| Average Home Value | $205,533 |
Housing Distribution
Address Breakdown
Residential
397
Single Family
397
Multi-Family
0
Businesses
9
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
Manufactured
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12956, Mineville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 361 (62.9%) |
| Renter Occupied HU | 113 (19.7%) |
| Vacant Housing Units | 100 (17.4%) |
| Median Home Value | $124,167 |
| Average Home Value | $205,533 |
Housing Distribution
Address Breakdown
Residential
397
Single Family
397
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices