48 Grove StAdamsNY13605
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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 Adams at 48 Grove St, Adams, NY, 13605 with 5% annual appreciation on a $100,000 basis while $777/mo rent supports operations. Total monthly income totals $777/mo and a $489/mo payment preserves $110/mo for cash returns. Annual cash flow comes to $1,316/yr on $33,150 deployed, and return on cash invested reaches 23.88% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.32%. Five-year ROI measures 124.79% and total cumulative return in cash totals $41,368.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $777/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13605, Adams, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,436 (100%) |
| Owner Occupied HU | 1,407 (57.8%) |
| Renter Occupied HU | 438 (18.0%) |
| Vacant Housing Units | 591 (24.3%) |
| Median Home Value | $215,392 |
| Average Home Value | $258,431 |
Housing Distribution
Address Breakdown
Residential
1,724
Single Family
1,616
Multi-Family
108
Businesses
92
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