306 Ferndale LnMinoaNY13116
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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 Minoa at 306 Ferndale Ln, Minoa, NY, 13116 priced at $239,000 pairs $1,860/mo rent with $264/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $3,165/yr on $79,229 invested. Return on cash invested is 23.9% in year one, and rental yield stands at 9.34% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 124.89% and total cumulative return in cash reaches $98,952. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13116, Minoa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,484 (100%) |
| Owner Occupied HU | 1,082 (72.9%) |
| Renter Occupied HU | 358 (24.1%) |
| Vacant Housing Units | 44 ( 3.0%) |
| Median Home Value | $184,737 |
| Average Home Value | $204,214 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,419
Multi-Family
65
Businesses
55
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