23 Hibbard AveClifton SpringsNY14432
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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 Clifton Springs at 23 Hibbard Ave, Clifton Springs, NY, 14432 uses $74,588 cash to close to unlock $7,053/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $1,101/mo payment keeps the spread at $588/mo. Purchase price stands at $225,000, and rental yield measures 11.15% with $2,090/mo rent. Return on cash invested shows 29.37% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 154.19% and total cumulative return in cash records $115,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1889
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14432, Clifton Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 1,703 (70.0%) |
| Renter Occupied HU | 573 (23.6%) |
| Vacant Housing Units | 156 ( 6.4%) |
| Median Home Value | $171,601 |
| Average Home Value | $268,739 |
Housing Distribution
Address Breakdown
Residential
2,234
Single Family
1,764
Multi-Family
470
Businesses
118
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Listed by: Stephanie Buisch • Your Hometown Realty LLC
Mls Name: NYSAMLSs
Mls ID: #R1636641