71 Young AveNew York MillsNY13417
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
Rental property for sale in New York Mills at 71 Young Ave, New York Mills, NY, 13417 offers $1,884/mo rent that, after a $905/mo payment, leaves $649/mo cash flow. Total monthly income is $1,884/mo, and annual cash flow is $7,791/yr on $61,294 cash. Return on cash invested measures 32.62% in year one, and rental yield stands at 12.23% at a $184,900 entry. Equity gained on principal adds $1,193/yr while 5% annual appreciation compounds into $51,084 by year five. Five-year ROI records 171.71% and total cumulative return in cash reaches $105,247. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,884/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13417, New York Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,663 (100%) |
| Owner Occupied HU | 654 (39.3%) |
| Renter Occupied HU | 839 (50.5%) |
| Vacant Housing Units | 170 (10.2%) |
| Median Home Value | $172,248 |
| Average Home Value | $199,247 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,420
Multi-Family
285
Businesses
135
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Listed by: Kathleen Despins • Coldwell Banker Sexton Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1647915