646 Tiona RdNewark ValleyNY13811
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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 Newark Valley at 646 Tiona Rd, Newark Valley, NY, 13811 with 5% annual appreciation on a $129,000 basis while $978/mo rent supports operations. Total monthly income totals $978/mo and a $631/mo payment preserves $117/mo for cash returns. Annual cash flow comes to $1,403/yr on $42,764 deployed, and return on cash invested reaches 23.19% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,640 alongside rental yield of 9.1%. Five-year ROI measures 121.06% and total cumulative return in cash totals $51,769.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $978/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1998
2.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13811, Newark Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,693 (100%) |
| Owner Occupied HU | 1,242 (73.4%) |
| Renter Occupied HU | 302 (17.8%) |
| Vacant Housing Units | 149 ( 8.8%) |
| Median Home Value | $162,868 |
| Average Home Value | $193,257 |
Housing Distribution
Address Breakdown
Residential
1,695
Single Family
1,658
Multi-Family
37
Businesses
60
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Listed by: Tara Cataldi • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls Provider:
Mls ID: #326419
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.