77 Meadows DriveMelroseNY12121
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 Melrose at 77 Meadows Drive, Melrose, NY, 12121 generates $4,828/mo in rent and, after a $2,668/mo payment, leaves $1,188/mo in cash flow. Total monthly income is $4,828/mo, and annual cash flow is $14,257/yr on $179,305 invested. Return on cash invested sits at 28.01% in year one, and rental yield is 10.63% on a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 146.93% and total cumulative return in cash sums $263,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,828/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
2.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12121, Melrose, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 661 (85.2%) |
| Renter Occupied HU | 59 ( 7.6%) |
| Vacant Housing Units | 56 ( 7.2%) |
| Median Home Value | $338,995 |
| Average Home Value | $410,530 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices