31 Summit LnJayNY12941
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 Jay at 31 Summit Ln, Jay, NY, 12941 priced at $299,999 pairs $2,606/mo rent with $603/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,606/mo, and annual cash flow comes to $7,236/yr on $99,450 invested. Return on cash invested is 27.19% in year one, and rental yield stands at 10.42% on a $299,999 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 142.48% and total cumulative return in cash reaches $141,696. For financing, Ziffy Mortgage’s DSCR program evaluates $2,606/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12941, Jay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 920 (100%) |
| Owner Occupied HU | 505 (54.9%) |
| Renter Occupied HU | 97 (10.5%) |
| Vacant Housing Units | 318 (34.6%) |
| Median Home Value | $233,631 |
| Average Home Value | $317,817 |
Housing Distribution
Address Breakdown
Residential
607
Single Family
607
Multi-Family
0
Businesses
19
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Listed by: Michelle Mabee-Loughren • B.A. Straight Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203661
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.