6406 Shortman RdRipleyNY14775
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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 Ripley at 6406 Shortman Rd, Ripley, NY, 14775 uses $36,465 cash to close to unlock $3,778/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $1,049/mo, and a $538/mo payment keeps the spread at $315/mo. Purchase price stands at $110,000, and rental yield measures 11.44% with $1,049/mo rent. Return on cash invested shows 30.27% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 159.08% and total cumulative return in cash records $58,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,049/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14775, Ripley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 834 (65.7%) |
| Renter Occupied HU | 190 (15.0%) |
| Vacant Housing Units | 245 (19.3%) |
| Median Home Value | $164,826 |
| Average Home Value | $238,831 |
Housing Distribution
Address Breakdown
Residential
777
Single Family
758
Multi-Family
19
Businesses
47
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