2612 Wyncoop Creek RdErinNY14838
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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 Erin at 2612 Wyncoop Creek Rd, Erin, NY, 14838 uses $83,273 cash to close to unlock $8,364/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $2,374/mo, and a $1,230/mo payment keeps the spread at $697/mo. Purchase price stands at $251,200, and rental yield measures 11.34% with $2,374/mo rent. Return on cash invested shows 29.95% in year one, and 5% annual appreciation builds toward $69,402 over five years. Five-year ROI reaches 157.39% and total cumulative return in cash records $131,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $1,230/mo payment rather than investor’s personal income.
Single Family
Built in 1990
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14838, Erin, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 652 (80.9%) |
| Renter Occupied HU | 69 ( 8.6%) |
| Vacant Housing Units | 85 (10.5%) |
| Median Home Value | $167,750 |
| Average Home Value | $209,632 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
11
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