2821 State Route 28North CreekNY12853
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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
Rental property for sale in North Creek at 2821 State Route 28, North Creek, NY, 12853 generates $1,844/mo in rent and, after a $621/mo payment, leaves $997/mo in cash flow. Total monthly income is $1,844/mo, and annual cash flow is $11,959/yr on $42,080 invested. Return on cash invested sits at 48.33% in year one, and rental yield is 17.43% on a $126,938 entry. Equity gained on principal adds $819/yr, while 5% annual appreciation builds toward $35,071 over five years. Five-year ROI reaches 255.92% and total cumulative return in cash sums $107,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,844/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12853, North Creek, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 583 (45.3%) |
| Renter Occupied HU | 146 (11.4%) |
| Vacant Housing Units | 557 (43.3%) |
| Median Home Value | $304,643 |
| Average Home Value | $309,721 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
79
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Listed by: N/A • N/A
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