62 Elm StClintonNY13323
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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 Clinton at 62 Elm St, Clinton, NY, 13323 offers $2,065/mo rent that, after a $1,664/mo payment. Total monthly income is $2,065/mo. Return on cash invested measures 17.72% in year one, and rental yield stands at 7.29% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 91.77% and total cumulative return in cash reaches $103,403. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,065/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13323, Clinton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,024 (100%) |
| Owner Occupied HU | 3,163 (63.0%) |
| Renter Occupied HU | 1,440 (28.7%) |
| Vacant Housing Units | 421 ( 8.4%) |
| Median Home Value | $259,185 |
| Average Home Value | $270,813 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,088
Multi-Family
421
Businesses
326
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