24406 Back StFelts MillsNY13638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Felts Mills at 24406 Back St, Felts Mills, NY, 13638 offers a 10.3% rental yield on a $256,000 purchase with $2,197/mo rent. Total monthly income registers $2,197/mo, and a $1,253/mo payment leaves $487/mo available for distribution. Annual cash flow reaches $5,850/yr on $84,864 to close, and return on cash invested stands at 26.8% in year one. Equity gained on principal adds $1,652/yr while 5% annual appreciation supports $70,728 over five years. Portfolio math shows five-year ROI at 140.47% and total cumulative return in cash at $119,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,197/mo property income against a $1,253/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
0.92 Acres 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: Apryl Paul • Fresh Start Real Estate & Property Management
Mls Name: NYSAMLSs
Mls ID: #S1656207