624 Ruddy RdChase MillsNY13621
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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 Chase Mills at 624 Ruddy Rd, Chase Mills, NY, 13621 uses $44,719 cash to close to unlock $1,865/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,056/mo, and a $660/mo payment keeps the spread at $155/mo. Purchase price stands at $134,900, and rental yield measures 9.39% with $1,056/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 125.92% and total cumulative return in cash records $56,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,056/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13621, Chase Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 281 (100%) |
| Owner Occupied HU | 162 (57.7%) |
| Renter Occupied HU | 44 (15.7%) |
| Vacant Housing Units | 75 (26.7%) |
| Median Home Value | $170,513 |
| Average Home Value | $223,642 |
Housing Distribution
Address Breakdown
Residential
262
Single Family
244
Multi-Family
18
Businesses
6
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Listed by: Jill Michno • Fiacco Realty, LLC
Mls Name: SLCMLS
Mls ID: #51603