23 McMillen PlaceDelmarNY12054
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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 Delmar at 23 McMillen Place, Delmar, NY, 12054 with 5% annual appreciation on a $339,900 basis while $2,643/mo rent supports operations. Total monthly income totals $2,643/mo and a $1,664/mo payment preserves $373/mo for cash returns. Annual cash flow comes to $4,474/yr on $112,677 deployed, and return on cash invested reaches 23.88% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 9.33%. Five-year ROI measures 124.77% and total cumulative return in cash totals $140,591.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,643/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12054, Delmar, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,569 (100%) |
| Owner Occupied HU | 5,376 (71.0%) |
| Renter Occupied HU | 1,838 (24.3%) |
| Vacant Housing Units | 355 ( 4.7%) |
| Median Home Value | $373,707 |
| Average Home Value | $399,553 |
Housing Distribution
Address Breakdown
Residential
7,525
Single Family
7,137
Multi-Family
388
Businesses
478
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