24 Driftwood LnSylvan BeachNY13157
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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 Sylvan Beach at 24 Driftwood Ln, Sylvan Beach, NY, 13157 uses $40,609 cash to close to unlock $1,614/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $953/mo, and a $600/mo payment keeps the spread at $135/mo. Purchase price stands at $122,500, and rental yield measures 9.34% with $953/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 124.88% and total cumulative return in cash records $50,712. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $953/mo property income covering a $600/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13157, Sylvan Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 478 (100%) |
| Owner Occupied HU | 185 (38.7%) |
| Renter Occupied HU | 83 (17.4%) |
| Vacant Housing Units | 210 (43.9%) |
| Median Home Value | $253,571 |
| Average Home Value | $296,797 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
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Listed by: Madison Notaro • Kirnan Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1648314