515 Turkey Ridge RdFleischmannsNY12430
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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 Fleischmanns at 515 Turkey Ridge Rd, Fleischmanns, NY, 12430 offers a 9.7% rental yield on a $275,000 purchase with $2,224/mo rent. Total monthly income registers $2,224/mo, and a $1,346/mo payment leaves $388/mo available for distribution. Annual cash flow reaches $4,651/yr on $91,163 to close, and return on cash invested stands at 25.01% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 130.86% and total cumulative return in cash at $119,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,224/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
15.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12430, Fleischmanns, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 379 (30.1%) |
| Renter Occupied HU | 120 ( 9.5%) |
| Vacant Housing Units | 759 (60.3%) |
| Median Home Value | $399,306 |
| Average Home Value | $423,265 |
Housing Distribution
Address Breakdown
Residential
291
Single Family
291
Multi-Family
0
Businesses
52
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Listed by: Patricia Kelly • BELLEAYRE REALTY
Mls Name: NY State MLS
Mls ID: #11285086