446 Landers Corners RdWilletNY13863
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Willet at 446 Landers Corners Rd, Willet, NY, 13863 offers $2,270/mo rent that, after a $1,175/mo payment, leaves $667/mo cash flow. Total monthly income is $2,270/mo, and annual cash flow is $8,004/yr on $79,560 cash. Return on cash invested measures 29.97% in year one, and rental yield stands at 11.35% at a $240,000 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,308 by year five. Five-year ROI records 157.42% and total cumulative return in cash reaches $125,246. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,270/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1860
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13863, Willet, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 323 (100%) |
| Owner Occupied HU | 173 (53.6%) |
| Renter Occupied HU | 25 ( 7.7%) |
| Vacant Housing Units | 125 (38.7%) |
| Median Home Value | $135,156 |
| Average Home Value | $171,618 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
10
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Nearby investment properties with comparable prices
Listed by: Jason Hage • Hage Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1575282
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