3 Smith RdNewfieldNY14867
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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 Newfield at 3 Smith Rd, Newfield, NY, 14867 priced at $149,000 pairs $2,640/mo rent with $1,645/mo cash flow after a $729/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $19,743/yr on $49,394 invested. Return on cash invested is 59.88% in year one, and rental yield stands at 21.26% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 317.88% and total cumulative return in cash reaches $157,012. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1998
5.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14867, Newfield, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,634 (100%) |
| Owner Occupied HU | 1,772 (67.3%) |
| Renter Occupied HU | 672 (25.5%) |
| Vacant Housing Units | 190 ( 7.2%) |
| Median Home Value | $197,170 |
| Average Home Value | $235,769 |
Housing Distribution
Address Breakdown
Residential
2,449
Single Family
2,417
Multi-Family
32
Businesses
80
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Listed by: Emily Doyle • Warren Real Estate of Ithaca Inc. (Downtown)
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1571544
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.