40 Creekside DriveRock City FallsNY12863
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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 Rock City Falls at 40 Creekside Drive, Rock City Falls, NY, 12863 priced at $1,020,000 converts $3,585/mo rent into after a $4,992/mo obligation. Total monthly income equals $3,585/mo. Return on cash invested prints 8.66% in year one, and rental yield reads 4.22% against a $1,020,000 entry. Equity gained on principal adds $6,582/yr, while 5% annual appreciation compiles into $281,807 by year five. Five-year ROI reaches 43.05% and total cumulative return in cash sums $142,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,585/mo property income covering a $4,992/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12863, Rock City Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 341 (80.8%) |
| Renter Occupied HU | 44 (10.4%) |
| Vacant Housing Units | 37 ( 8.8%) |
| Median Home Value | $407,143 |
| Average Home Value | $410,183 |
Housing Distribution
Address Breakdown
Residential
284
Single Family
284
Multi-Family
0
Businesses
12
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Listed by: Beth R Smith • Beth Smith Realty Ltd
Mls Name: Global MLS
Mls ID: #202520890