3483 Bishop RdMadisonNY13402
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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
Investment property for sale in Madison at 3483 Bishop Rd, Madison, NY, 13402 offers a 11.89% rental yield on a $169,500 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $830/mo payment leaves $548/mo available for distribution. Annual cash flow reaches $6,573/yr on $56,189 to close, and return on cash invested stands at 31.61% in year one. Equity gained on principal adds $1,094/yr while 5% annual appreciation supports $46,830 over five years. Portfolio math shows five-year ROI at 166.25% and total cumulative return in cash at $93,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $830/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
3,571 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13402, Madison, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 663 (100%) |
| Owner Occupied HU | 436 (65.8%) |
| Renter Occupied HU | 164 (24.7%) |
| Vacant Housing Units | 63 ( 9.5%) |
| Median Home Value | $163,830 |
| Average Home Value | $209,237 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
41
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