40 Culvert St #1PhoenixNY13135
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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 Phoenix at 40 Culvert St #1, Phoenix, NY, 13135 offers $1,412/mo rent that, after a $978/mo payment, leaves $78/mo cash flow. Total monthly income is $1,412/mo, and annual cash flow is $930/yr on $66,267 cash. Return on cash invested measures 21.31% in year one, and rental yield stands at 8.48% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 111.04% and total cumulative return in cash reaches $73,585. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,412/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
4,051 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13135, Phoenix, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,800 (65.7%) |
| Renter Occupied HU | 680 (24.8%) |
| Vacant Housing Units | 258 ( 9.4%) |
| Median Home Value | $205,943 |
| Average Home Value | $237,811 |
Housing Distribution
Address Breakdown
Residential
2,709
Single Family
2,403
Multi-Family
306
Businesses
188
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