293 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 293 Bear Gulch Road, Summit, NY, 12175 listed at $325,000 pairs $1,652/mo rent with a $1,591/mo payment. Total monthly income runs $1,652/mo. Return on cash invested measures 14.13% in year one, and rental yield registers 6.1% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 72.54% and total cumulative return in cash totals $78,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,652/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
8,276 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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