643 Springfield RdWilmingtonNY12997
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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 Wilmington at 643 Springfield Rd, Wilmington, NY, 12997 priced at $150,000 pairs $2,040/mo rent with $1,039/mo cash flow after a $734/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $12,462/yr on $49,725 invested. Return on cash invested is 44.97% in year one, and rental yield stands at 16.32% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 237.91% and total cumulative return in cash reaches $118,302. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12997, Wilmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 953 (100%) |
| Owner Occupied HU | 438 (46.0%) |
| Renter Occupied HU | 133 (14.0%) |
| Vacant Housing Units | 382 (40.1%) |
| Median Home Value | $338,235 |
| Average Home Value | $396,484 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
401
Multi-Family
0
Businesses
51
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Listed by: Shannon Bombard • B.A. Straight Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202005
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.