3144 State Route 488Clifton SpringsNY14432
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
Investment property for sale in Clifton Springs at 3144 State Route 488, Clifton Springs, NY, 14432 earns $615/mo cash flow from $3,052/mo rent with a $1,786/mo payment. Total monthly income totals $3,052/mo, and annual cash flow totals $7,381/yr on $120,998 capital. ROI tracks 26.01% on current figures, and rental yield reads 10.03% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 136.22% and total cumulative return in cash sums $164,827. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,052/mo property income instead of your personal income.
Single Family
Built in 1850
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14432, Clifton Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 1,703 (70.0%) |
| Renter Occupied HU | 573 (23.6%) |
| Vacant Housing Units | 156 ( 6.4%) |
| Median Home Value | $171,601 |
| Average Home Value | $268,739 |
Housing Distribution
Address Breakdown
Residential
2,234
Single Family
1,764
Multi-Family
470
Businesses
118
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Listed by: Samantha R Minns • Your Hometown Realty LLC
Mls Name: NYSAMLSs
Mls ID: #R1648487