254 Summit StreetRichmondvilleNY12149
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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 Richmondville at 254 Summit Street, Richmondville, NY, 12149 at $250,000 posts ROI 74.2% with $3,749/mo cash flow from $5,419/mo rent. Total monthly income equals $5,419/mo, and annual cash flow records $44,990/yr on $82,875 to close. Return on cash invested measures 74.2% and rental yield reads 26.01% at the current $250,000. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 394.64% and total cumulative return in cash totals $327,058.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,419/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12149, Richmondville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,421 (100%) |
| Owner Occupied HU | 729 (51.3%) |
| Renter Occupied HU | 341 (24.0%) |
| Vacant Housing Units | 351 (24.7%) |
| Median Home Value | $156,689 |
| Average Home Value | $184,482 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
40
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Listed by: Scot K Wentworth • United Country Real Estate Upstate New York Living
Mls Name: Global MLS
Mls Provider:
Mls ID: #202422941
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker