614 Spear Hill RdMerrillNY12955
Nearby investment properties with comparable rents
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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 Merrill at 614 Spear Hill Rd, Merrill, NY, 12955 priced at $110,000 pairs $837/mo rent with $103/mo cash flow after a $538/mo payment. Total monthly income equals $837/mo, and annual cash flow comes to $1,234/yr on $36,465 invested. Return on cash invested is 23.29% in year one, and rental yield stands at 9.13% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 121.63% and total cumulative return in cash reaches $44,352. For financing, Ziffy Mortgage’s DSCR program evaluates $837/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12955, Lyon Mountain, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 367 (100%) |
| Owner Occupied HU | 143 (39.0%) |
| Renter Occupied HU | 32 ( 8.7%) |
| Vacant Housing Units | 192 (52.3%) |
| Median Home Value | $232,895 |
| Average Home Value | $280,297 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
223
Multi-Family
0
Businesses
4
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Listed by: Virginia McLaughlin • Red Door Realty & Associates
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204915
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.