505 Elm AvenueSelkirkNY12158
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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 Selkirk at 505 Elm Avenue, Selkirk, NY, 12158 generates $4,889/mo in rent and, after a $3,323/mo payment, leaves $355/mo in cash flow. Total monthly income is $4,889/mo, and annual cash flow is $4,261/yr on $223,391 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 8.64% on a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation builds toward $187,595 over five years. Five-year ROI reaches 114.51% and total cumulative return in cash sums $255,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,889/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12158, Selkirk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,816 (100%) |
| Owner Occupied HU | 1,916 (68.0%) |
| Renter Occupied HU | 738 (26.2%) |
| Vacant Housing Units | 162 ( 5.8%) |
| Median Home Value | $346,214 |
| Average Home Value | $388,338 |
Housing Distribution
Address Breakdown
Residential
2,690
Single Family
2,690
Multi-Family
0
Businesses
89
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