263 Elm Ave. ESelkirkNY12158
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 263 Elm Ave. Rental yield 7.2%. E, Selkirk, NY, 12158 in Selkirk offers a clean, manageable entry. DSCR 1.33 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $164,249 in additional property value over five years, with $5,475/yr in principal equity building ownership stake. Total projected cumulative return: $200,714.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.2% |
| Monthly Cash Flow | $(404) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,566 |
| Total Monthly Debt Service | $3,733 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12158, Selkirk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,816 (100%) |
| Owner Occupied HU | 1,916 (68.0%) |
| Renter Occupied HU | 738 (26.2%) |
| Vacant Housing Units | 162 ( 5.8%) |
| Median Home Value | $346,214 |
| Average Home Value | $388,338 |
Housing Distribution
Address Breakdown
Residential
2,690
Single Family
2,690
Multi-Family
0
Businesses
89
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
Single Family
Built in 1963
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12158, Selkirk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,816 (100%) |
| Owner Occupied HU | 1,916 (68.0%) |
| Renter Occupied HU | 738 (26.2%) |
| Vacant Housing Units | 162 ( 5.8%) |
| Median Home Value | $346,214 |
| Average Home Value | $388,338 |
Housing Distribution
Address Breakdown
Residential
2,690
Single Family
2,690
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marie C Bettini • Albany Realty Group LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202516084
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