656 Locust Grove RoadGreenfield CenterNY12833
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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 Greenfield Center at 656 Locust Grove Road, Greenfield Center, NY, 12833 offers a 7.52% rental yield on a $475,000 purchase with $2,978/mo rent. 43% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 95.54% and total cumulative return in cash at $150,439. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,978/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1836
9.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12833, Greenfield Center, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,245 (100%) |
| Owner Occupied HU | 1,695 (75.5%) |
| Renter Occupied HU | 366 (16.3%) |
| Vacant Housing Units | 184 ( 8.2%) |
| Median Home Value | $469,745 |
| Average Home Value | $627,652 |
Housing Distribution
Address Breakdown
Residential
1,939
Single Family
1,939
Multi-Family
0
Businesses
52
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Listed by: Scott P Varley • KW Platform
Mls Name: Global MLS
Mls ID: #202522459