45 Chapman StreetCorinthNY12822
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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 Corinth at 45 Chapman Street, Corinth, NY, 12822 priced at $279,000 pairs $1,948/mo rent with $84/mo cash flow after a $1,366/mo payment. Total monthly income equals $1,948/mo, and annual cash flow comes to $1,013/yr on $92,489 invested. Return on cash invested is 21% in year one, and rental yield stands at 8.38% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 109.38% and total cumulative return in cash reaches $101,167. For financing, Ziffy Mortgage’s DSCR program evaluates $1,948/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12822, Corinth, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,046 (100%) |
| Owner Occupied HU | 1,775 (58.3%) |
| Renter Occupied HU | 661 (21.7%) |
| Vacant Housing Units | 610 (20.0%) |
| Median Home Value | $224,868 |
| Average Home Value | $315,056 |
Housing Distribution
Address Breakdown
Residential
2,697
Single Family
2,642
Multi-Family
55
Businesses
84
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