8 Lower Prospect StreetFondaNY12068
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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 Fonda at 8 Lower Prospect Street, Fonda, NY, 12068 with 5% annual appreciation on a $170,000 basis while $2,224/mo rent supports operations. Total monthly income totals $2,224/mo and a $832/mo payment preserves $1,089/mo for cash returns. Annual cash flow comes to $13,066/yr on $56,355 deployed, and return on cash invested reaches 43.09% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 15.7%. Five-year ROI measures 227.81% and total cumulative return in cash totals $128,385.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,224/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1840
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12068, Fonda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,404 (100%) |
| Owner Occupied HU | 1,017 (72.4%) |
| Renter Occupied HU | 242 (17.2%) |
| Vacant Housing Units | 145 (10.3%) |
| Median Home Value | $205,962 |
| Average Home Value | $219,705 |
Housing Distribution
Address Breakdown
Residential
982
Single Family
958
Multi-Family
24
Businesses
80
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