244 S Shr EJohnstownNY12095
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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 Johnstown at 244 S Shr E, Johnstown, NY, 12095 priced at $444,500 converts $1,644/mo rent into after a $2,176/mo obligation. Total monthly income equals $1,644/mo. Return on cash invested prints 9.12% in year one, and rental yield reads 4.44% against a $444,500 entry. Equity gained on principal adds $2,868/yr, while 5% annual appreciation compiles into $122,807 by year five. Five-year ROI reaches 45.66% and total cumulative return in cash sums $67,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,644/mo property income covering a $2,176/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12095, Johnstown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,711 (100%) |
| Owner Occupied HU | 3,212 (56.2%) |
| Renter Occupied HU | 1,758 (30.8%) |
| Vacant Housing Units | 741 (13.0%) |
| Median Home Value | $168,736 |
| Average Home Value | $238,176 |
Housing Distribution
Address Breakdown
Residential
5,156
Single Family
4,910
Multi-Family
246
Businesses
510
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