457 Morse MemorialOlmstedvilleNY12857
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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
Investment property for sale in Olmstedville at 457 Morse Memorial, Olmstedville, NY, 12857 uses $112,379 cash to close to unlock $1,181/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $2,362/mo, and a $1,659/mo payment keeps the spread at $98/mo. Purchase price stands at $339,000, and rental yield measures 8.36% with $2,362/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 109.13% and total cumulative return in cash records $122,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,362/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1955
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12857, Olmstedville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 236 (37.5%) |
| Renter Occupied HU | 50 ( 7.9%) |
| Vacant Housing Units | 344 (54.6%) |
| Median Home Value | $237,838 |
| Average Home Value | $270,233 |
Housing Distribution
Address Breakdown
Residential
214
Single Family
214
Multi-Family
0
Businesses
7
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Listed by: Brooke Clark • Four Seasons Sotheby's International Realty
Mls Name: Global MLS
Mls ID: #202529975