46736 Malara WayWellesley IslandNY13640
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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 Wellesley Island at 46736 Malara Way, Wellesley Island, NY, 13640 priced at $549,000 pairs $2,824/mo rent with after a $2,687/mo payment. Total monthly income equals $2,824/mo. Return on cash invested is 14.47% in year one, and rental yield stands at 6.17% on a $549,000 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,679 by year five. Five-year ROI measures 74.26% and total cumulative return in cash reaches $134,132. For financing, Ziffy Mortgage’s DSCR program evaluates $2,824/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
4,334 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13640, Wellesley Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 174 (19.3%) |
| Renter Occupied HU | 29 ( 3.2%) |
| Vacant Housing Units | 697 (77.4%) |
| Median Home Value | $412,121 |
| Average Home Value | $473,807 |
Housing Distribution
Address Breakdown
Residential
353
Single Family
353
Multi-Family
0
Businesses
60
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Listed by: Shondra Beach • Bridgeview Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1622743