3 Anderson DriveOlmstedvilleNY12857
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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 Olmstedville at 3 Anderson Drive, Olmstedville, NY, 12857 offers a 8.74% rental yield on a $299,000 purchase with $2,178/mo rent. Total monthly income registers $2,178/mo, and a $1,463/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,181/yr on $99,119 to close, and return on cash invested stands at 22.11% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 115.28% and total cumulative return in cash at $114,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,178/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12857, Olmstedville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 236 (37.5%) |
| Renter Occupied HU | 50 ( 7.9%) |
| Vacant Housing Units | 344 (54.6%) |
| Median Home Value | $237,838 |
| Average Home Value | $270,233 |
Housing Distribution
Address Breakdown
Residential
214
Single Family
214
Multi-Family
0
Businesses
7
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Listed by: Brenda Wells • Glebus Realty Inc.
Mls Name: Global MLS
Mls ID: #202523227