398 Cornell RoadStamfordNY12167
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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 Stamford at 398 Cornell Road, Stamford, NY, 12167 priced at $187,300 converts $2,822/mo rent into $1,571/mo cash flow after a $917/mo obligation. Total monthly income equals $2,822/mo, and annual cash flow totals $18,852/yr on $62,090 invested. Return on cash invested prints 50.27% in year one, and rental yield reads 18.08% against a $187,300 entry. Equity gained on principal adds $1,209/yr, while 5% annual appreciation compiles into $51,748 by year five. Five-year ROI reaches 266.29% and total cumulative return in cash sums $165,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,822/mo property income covering a $917/mo payment, not borrower’s personal income.
Single Family
Built in 1962
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12167, Stamford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,657 (100%) |
| Owner Occupied HU | 770 (46.5%) |
| Renter Occupied HU | 321 (19.4%) |
| Vacant Housing Units | 566 (34.2%) |
| Median Home Value | $249,479 |
| Average Home Value | $289,367 |
Housing Distribution
Address Breakdown
Residential
1,123
Single Family
1,084
Multi-Family
39
Businesses
121
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Listed by: Neven L Spralja • Real Home Services & Solutions, Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202424733
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker