24 Butternut DriveSalemNY12865
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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 Salem at 24 Butternut Drive, Salem, NY, 12865 priced at $225,000 converts $1,945/mo rent into $430/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,945/mo, and annual cash flow totals $5,163/yr on $74,588 invested. Return on cash invested prints 26.83% in year one, and rental yield reads 10.37% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 140.72% and total cumulative return in cash sums $104,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,945/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2006
1 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12865, Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,742 (100%) |
| Owner Occupied HU | 1,143 (65.6%) |
| Renter Occupied HU | 229 (13.1%) |
| Vacant Housing Units | 370 (21.2%) |
| Median Home Value | $205,992 |
| Average Home Value | $331,721 |
Housing Distribution
Address Breakdown
Residential
1,312
Single Family
1,312
Multi-Family
0
Businesses
76
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Listed by: Karen I Foster • Equitas Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202517728
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker