240 Plum Point Rd #16HimrodNY14842
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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 Himrod at 240 Plum Point Rd #16, Himrod, NY, 14842 uses $89,174 cash to close to unlock $7,251/yr annual cash flow and $604/mo monthly cash flow. Total monthly income runs $2,401/mo, and a $1,317/mo payment keeps the spread at $604/mo. Purchase price stands at $269,000, and rental yield measures 10.71% with $2,401/mo rent. Return on cash invested shows 28.04% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 147.12% and total cumulative return in cash records $131,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,401/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
7.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14842, Himrod, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 568 (100%) |
| Owner Occupied HU | 240 (42.3%) |
| Renter Occupied HU | 52 ( 9.2%) |
| Vacant Housing Units | 276 (48.6%) |
| Median Home Value | $193,750 |
| Average Home Value | $348,698 |
Housing Distribution
Address Breakdown
Residential
321
Single Family
321
Multi-Family
0
Businesses
12
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