81 Bay RdSouth ColtonNY13687
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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 South Colton at 81 Bay Rd, South Colton, NY, 13687 priced at $395,000 converts $1,987/mo rent into after a $1,933/mo obligation. Total monthly income equals $1,987/mo. Return on cash invested prints 13.95% in year one, and rental yield reads 6.04% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 71.53% and total cumulative return in cash sums $93,666. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,987/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13687, South Colton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 182 (42.5%) |
| Renter Occupied HU | 26 ( 6.1%) |
| Vacant Housing Units | 220 (51.4%) |
| Median Home Value | $206,250 |
| Average Home Value | $217,170 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
10
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Listed by: Nicole Hayes • Grasse River Real Estate, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #49797
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.