7506 East StNewportNY13416
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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 Newport at 7506 East St, Newport, NY, 13416 earns $245/mo cash flow from $1,513/mo rent with a $929/mo payment. Total monthly income totals $1,513/mo, and annual cash flow totals $2,944/yr on $62,952 capital. ROI tracks 24.59% on current figures, and rental yield reads 9.56% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 128.6% and total cumulative return in cash sums $80,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,513/mo property income instead of your personal income.
Single Family
Built in 1840
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13416, Newport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,093 (100%) |
| Owner Occupied HU | 757 (69.3%) |
| Renter Occupied HU | 167 (15.3%) |
| Vacant Housing Units | 169 (15.5%) |
| Median Home Value | $181,064 |
| Average Home Value | $198,471 |
Housing Distribution
Address Breakdown
Residential
658
Single Family
624
Multi-Family
34
Businesses
64
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