289 Bear Gulch RoadSummitNY12175
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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 Summit at 289 Bear Gulch Road, Summit, NY, 12175 listed at $225,000 pairs $1,721/mo rent with a $1,101/mo payment to leave $219/mo cash flow. Total monthly income runs $1,721/mo, and annual cash flow reaches $2,625/yr on $74,588 cash to close. Return on cash invested measures 23.43% in year one, and rental yield registers 9.18% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 122.36% and total cumulative return in cash totals $91,269. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,721/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12175, Summit, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 513 (100%) |
| Owner Occupied HU | 235 (45.8%) |
| Renter Occupied HU | 38 ( 7.4%) |
| Vacant Housing Units | 240 (46.8%) |
| Median Home Value | $181,250 |
| Average Home Value | $251,755 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
7
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