8032 Northgate #8032ClymerNY14724
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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
Rental property for sale in Clymer at 8032 Northgate #8032, Clymer, NY, 14724 generates $840/mo in rent, after a $1,334/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 6.89% in year one, and rental yield is 3.7% on a $272,500 entry. Equity gained on principal adds $1,758/yr, while 5% annual appreciation builds toward $75,287 over five years. Five-year ROI reaches 33.72% and total cumulative return in cash sums $30,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Condo
Built in 2006
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14724, Clymer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,470 (100%) |
| Owner Occupied HU | 797 (54.2%) |
| Renter Occupied HU | 183 (12.4%) |
| Vacant Housing Units | 490 (33.3%) |
| Median Home Value | $181,571 |
| Average Home Value | $268,774 |
Housing Distribution
Address Breakdown
Residential
833
Single Family
824
Multi-Family
9
Businesses
72
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