651 S James StCape VincentNY13618
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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 Cape Vincent at 651 S James St, Cape Vincent, NY, 13618 offers $1,346/mo rent that, after a $978/mo payment, leaves $12/mo cash flow. Total monthly income is $1,346/mo, and annual cash flow is $138/yr on $66,267 cash. Return on cash invested measures 20.12% in year one, and rental yield stands at 8.08% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 104.63% and total cumulative return in cash reaches $69,337. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,346/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1860
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13618, Cape Vincent, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,304 (100%) |
| Owner Occupied HU | 649 (28.2%) |
| Renter Occupied HU | 162 ( 7.0%) |
| Vacant Housing Units | 1,493 (64.8%) |
| Median Home Value | $305,782 |
| Average Home Value | $445,844 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
656
Multi-Family
44
Businesses
62
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Listed by: Desiree Dercole • Bridgeview Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1651702