24638 County Route 16Evans MillsNY13637
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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 Evans Mills at 24638 County Route 16, Evans Mills, NY, 13637 listed at $279,900 pairs $1,957/mo rent with a $1,370/mo payment to leave $88/mo cash flow. Total monthly income runs $1,957/mo, and annual cash flow reaches $1,054/yr on $92,787 cash to close. Return on cash invested measures 21.05% in year one, and rental yield registers 8.39% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 109.57% and total cumulative return in cash totals $101,665. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,957/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13637, Evans Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,611 (100%) |
| Owner Occupied HU | 774 (29.6%) |
| Renter Occupied HU | 1,480 (56.7%) |
| Vacant Housing Units | 357 (13.7%) |
| Median Home Value | $221,495 |
| Average Home Value | $221,567 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
1,490
Multi-Family
629
Businesses
112
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Listed by: Ricky Gates • eXp Realty
Mls Name: NYSAMLSs
Mls ID: #S1656779