5638 State Route 28nNewcombNY12852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newcomb at 5638 State Route 28n, Newcomb, NY, 12852 uses $92,820 cash to close to unlock $1,400/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,986/mo, and a $1,370/mo payment keeps the spread at $117/mo. Purchase price stands at $279,999, and rental yield measures 8.51% with $1,986/mo rent. Return on cash invested shows 21.42% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 111.58% and total cumulative return in cash records $103,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,986/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1969
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12852, Newcomb, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 679 (100%) |
| Owner Occupied HU | 166 (24.4%) |
| Renter Occupied HU | 23 ( 3.4%) |
| Vacant Housing Units | 490 (72.2%) |
| Median Home Value | $305,882 |
| Average Home Value | $334,443 |
Housing Distribution
Address Breakdown
Residential
140
Single Family
140
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wayne Hartard • eXp Realty-Schenectady
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203162
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.