261 Summit StRichmondvilleNY12149
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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 261 Summit St, Richmondville, NY, 12149 uses $41,956 cash to close to unlock $25,707/yr annual cash flow and $2,142/mo monthly cash flow. Total monthly income runs $2,987/mo, and a $619/mo payment keeps the spread at $2,142/mo. Purchase price stands at $126,563, and rental yield measures 28.32% with $2,987/mo rent. Return on cash invested shows 81.18% in year one, and 5% annual appreciation builds toward $34,967 over five years. Five-year ROI reaches 432.18% and total cumulative return in cash records $181,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,987/mo property income covering a $619/mo payment rather than investor’s personal income.
Single Family
Built in 1870
0.32 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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