680 State Route 28 St #28Richfield SpringsNY13439
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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 Richfield Springs at 680 State Route 28 St #28, Richfield Springs, NY, 13439 offers a 9.3% rental yield on a $194,900 purchase with $1,510/mo rent. Total monthly income registers $1,510/mo, and a $954/mo payment leaves $208/mo available for distribution. Annual cash flow reaches $2,501/yr on $64,609 to close, and return on cash invested stands at 23.78% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 124.3% and total cumulative return in cash at $80,307. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,510/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13439, Richfield Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,320 (100%) |
| Owner Occupied HU | 1,222 (52.7%) |
| Renter Occupied HU | 354 (15.3%) |
| Vacant Housing Units | 744 (32.1%) |
| Median Home Value | $212,587 |
| Average Home Value | $290,252 |
Housing Distribution
Address Breakdown
Residential
1,223
Single Family
1,199
Multi-Family
24
Businesses
108
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Listed by: C. Vitiello • Coldwell Banker Faith Properties Il
Mls Name: NYSAMLSs
Mls ID: #S1655649