657 State Route 990vGilboaNY12076
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gilboa at 657 State Route 990v, Gilboa, NY, 12076 uses $65,969 cash to close to unlock $3,121/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,589/mo, and a $974/mo payment keeps the spread at $260/mo. Purchase price stands at $199,000, and rental yield measures 9.58% with $1,589/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 128.93% and total cumulative return in cash records $85,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,589/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12076, Gilboa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,314 (100%) |
| Owner Occupied HU | 539 (41.0%) |
| Renter Occupied HU | 55 ( 4.2%) |
| Vacant Housing Units | 720 (54.8%) |
| Median Home Value | $243,952 |
| Average Home Value | $264,147 |
Housing Distribution
Address Breakdown
Residential
739
Single Family
739
Multi-Family
0
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Joshua Rumberger • Keller Williams Upstate NY Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1624076
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