512 Shirley RdNewark ValleyNY13811
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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 Newark Valley at 512 Shirley Rd, Newark Valley, NY, 13811 priced at $305,000 pairs $0/mo rent with after a $1,493/mo payment. Total monthly income equals $0/mo. Return on cash invested is -4.27% in year one, and rental yield stands at 0% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
6.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13811, Newark Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,693 (100%) |
| Owner Occupied HU | 1,242 (73.4%) |
| Renter Occupied HU | 302 (17.8%) |
| Vacant Housing Units | 149 ( 8.8%) |
| Median Home Value | $162,868 |
| Average Home Value | $193,257 |
Housing Distribution
Address Breakdown
Residential
1,695
Single Family
1,658
Multi-Family
37
Businesses
60
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No similar rental properties found nearby.
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Listed by: Melissa A Hackford • WARREN REAL ESTATE (Vestal)
Mls Name: GBMLS
Mls ID: #332657