6629 State Route 38Newark 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 6629 State Route 38, Newark Valley, NY, 13811 uses $66,267 cash to close to unlock $2,514/yr annual cash flow and $210/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $978/mo payment keeps the spread at $210/mo. Purchase price stands at $199,900, and rental yield measures 9.27% with $1,544/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 123.86% and total cumulative return in cash records $82,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1836
1.18 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: Jeana Hoyt • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #329859
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.