31 Cary Park RdRichfield SpringsNY13439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Richfield Springs at 31 Cary Park Rd, Richfield Springs, NY, 13439 offers $3,001/mo rent that, after a $1,921/mo payment, leaves $380/mo cash flow. Total monthly income is $3,001/mo, and annual cash flow is $4,560/yr on $130,114 cash. Return on cash invested measures 23.41% in year one, and rental yield stands at 9.18% at a $392,500 entry. Equity gained on principal adds $2,533/yr while 5% annual appreciation compounds into $108,441 by year five. Five-year ROI records 122.31% and total cumulative return in cash reaches $159,145. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,001/mo property income versus a $1,921/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13439, Richfield Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,320 (100%) |
| Owner Occupied HU | 1,222 (52.7%) |
| Renter Occupied HU | 354 (15.3%) |
| Vacant Housing Units | 744 (32.1%) |
| Median Home Value | $212,587 |
| Average Home Value | $290,252 |
Housing Distribution
Address Breakdown
Residential
1,223
Single Family
1,199
Multi-Family
24
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Angerer • LAMB REALTY
Mls Name: NY State MLS
Mls ID: #11420541