602 Herrick RoadDelansonNY12053
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
Rental property for sale in Delanson at 602 Herrick Road, Delanson, NY, 12053 generates $2,125/mo in rent, after a $1,713/mo payment. Total monthly income is $2,125/mo. Return on cash invested sits at 17.71% in year one, and rental yield is 7.29% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 91.7% and total cumulative return in cash sums $106,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,125/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
2.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12053, Delanson, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,985 (100%) |
| Owner Occupied HU | 1,651 (83.2%) |
| Renter Occupied HU | 193 ( 9.7%) |
| Vacant Housing Units | 141 ( 7.1%) |
| Median Home Value | $307,396 |
| Average Home Value | $317,065 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,706
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices