6 ManhattanWellesley IslandNY13640
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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 Wellesley Island at 6 Manhattan, Wellesley Island, NY, 13640 with 5% annual appreciation on a $689,000 basis while $3,000/mo rent supports operations. 59% in year one. Equity gained on principal adds $4,446/yr, and five-year appreciation sums $190,358 alongside rental yield of 5.22%. Five-year ROI measures 58.84% and total cumulative return in cash totals $133,374. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $3,372/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1870
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13640, Wellesley Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 174 (19.3%) |
| Renter Occupied HU | 29 ( 3.2%) |
| Vacant Housing Units | 697 (77.4%) |
| Median Home Value | $412,121 |
| Average Home Value | $473,807 |
Housing Distribution
Address Breakdown
Residential
353
Single Family
353
Multi-Family
0
Businesses
60
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Listed by: Cathy F Garlock • Garlock Realty
Mls Name: NYSAMLSs
Mls ID: #S1627647