24 McKnight Hill RdSalemNY12865
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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 McKnight Hill Rd, Salem, NY, 12865 priced at $159,999 pairs $1,285/mo rent with $217/mo cash flow after a $783/mo payment. Total monthly income equals $1,285/mo, and annual cash flow comes to $2,600/yr on $53,040 invested. Return on cash invested is 24.81% in year one, and rental yield stands at 9.64% on a $159,999 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 129.82% and total cumulative return in cash reaches $68,857. For financing, Ziffy Mortgage’s DSCR program evaluates $1,285/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
7.28 Acres lot
$N/A/sqft
No 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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