370 N Pole RoadMelroseNY12121
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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 Melrose at 370 N Pole Road, Melrose, NY, 12121 priced at $339,900 pairs $2,280/mo rent with $10/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,280/mo, and annual cash flow comes to $118/yr on $112,677 invested. Return on cash invested is 20.01% in year one, and rental yield stands at 8.05% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 104.04% and total cumulative return in cash reaches $117,227. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
26.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12121, Melrose, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 661 (85.2%) |
| Renter Occupied HU | 59 ( 7.6%) |
| Vacant Housing Units | 56 ( 7.2%) |
| Median Home Value | $338,995 |
| Average Home Value | $410,530 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
25
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