62 Springfield RdUpper JayNY12987
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 Upper Jay at 62 Springfield Rd, Upper Jay, NY, 12987 with 5% annual appreciation on a $729,000 basis while $5,251/mo rent supports operations. Total monthly income totals $5,251/mo and a $3,568/mo payment preserves $383/mo for cash returns. Annual cash flow comes to $4,595/yr on $239,841 deployed, and return on cash invested reaches 21.98% in year one. Equity gained on principal adds $4,704/yr, and five-year appreciation sums $201,409 alongside rental yield of 8.64%. Five-year ROI measures 114.54% and total cumulative return in cash totals $274,704.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,251/mo property income versus a $3,568/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12987, Upper Jay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 135 (100%) |
| Owner Occupied HU | 54 (40.0%) |
| Renter Occupied HU | 11 ( 8.1%) |
| Vacant Housing Units | 70 (51.9%) |
| Median Home Value | $233,333 |
| Average Home Value | $340,694 |
Housing Distribution
Address Breakdown
Residential
54
Single Family
54
Multi-Family
0
Businesses
15
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Listed by: Chase Jermano • Tina Leonard Real Estate, LLC
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203433
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.