645 Springfield RdWilmingtonNY12997
Nearby investment properties with comparable rents
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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 645 Springfield Rd, Wilmington, NY, 12997 offers $2,375/mo rent that, after a $1,504/mo payment, leaves $323/mo cash flow. Total monthly income is $2,375/mo, and annual cash flow is $3,878/yr on $101,837 cash. Return on cash invested measures 23.72% in year one, and rental yield stands at 9.28% at a $307,200 entry. Equity gained on principal adds $1,982/yr while 5% annual appreciation compounds into $84,874 by year five. Five-year ROI records 123.93% and total cumulative return in cash reaches $126,208. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,375/mo property income versus a $1,504/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
24.13 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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Nearby investment properties with comparable prices
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