3197 Plank RdMinevilleNY12956
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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 Mineville at 3197 Plank Rd, Mineville, NY, 12956 generates $1,258/mo in rent and, after a $612/mo payment, leaves $423/mo in cash flow. Total monthly income is $1,258/mo, and annual cash flow is $5,077/yr on $41,438 invested. Return on cash invested sits at 32.16% in year one, and rental yield is 12.08% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 169.34% and total cumulative return in cash sums $70,169. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12956, Mineville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 361 (62.9%) |
| Renter Occupied HU | 113 (19.7%) |
| Vacant Housing Units | 100 (17.4%) |
| Median Home Value | $124,167 |
| Average Home Value | $205,533 |
Housing Distribution
Address Breakdown
Residential
397
Single Family
397
Multi-Family
0
Businesses
9
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