24379 Main StFelts MillsNY13638
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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 Felts Mills at 24379 Main St, Felts Mills, NY, 13638 generates $1,442/mo in rent and, after a $954/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,442/mo, and annual cash flow is $1,683/yr on $64,643 invested. Return on cash invested sits at 22.51% in year one, and rental yield is 8.87% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 117.5% and total cumulative return in cash sums $75,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,442/mo property income rather than buyer’s personal income.
Multi Family
Built in 1880
9,374 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13638, Felts Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 124 (100%) |
| Owner Occupied HU | 79 (63.7%) |
| Renter Occupied HU | 35 (28.2%) |
| Vacant Housing Units | 10 ( 8.1%) |
| Median Home Value | $128,125 |
| Average Home Value | $132,310 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
128
Multi-Family
0
Businesses
9
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Listed by: Joseph Murtha • North Star Real Estate & Property Management
Mls Name: NYSAMLSs
Mls ID: #S1610527