23 Marion AvenueNorth CreekNY12853
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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 North Creek at 23 Marion Avenue, North Creek, NY, 12853 generates $2,750/mo in rent and, after a $1,463/mo payment, leaves $754/mo in cash flow. Total monthly income is $2,750/mo, and annual cash flow is $9,045/yr on $99,119 invested. Return on cash invested sits at 29.03% in year one, and rental yield is 11.04% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 152.42% and total cumulative return in cash sums $151,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,750/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12853, North Creek, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 583 (45.3%) |
| Renter Occupied HU | 146 (11.4%) |
| Vacant Housing Units | 557 (43.3%) |
| Median Home Value | $304,643 |
| Average Home Value | $309,721 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
79
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Listed by: Ann Hanaburgh • 4 Seasons ADK Real Estate LLC
Mls Name: Global MLS
Mls ID: #202610257