8497 Melo CirClayNY13041
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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 Clay at 8497 Melo Cir, Clay, NY, 13041 generates $3,527/mo in rent, after a $2,579/mo payment. Total monthly income is $3,527/mo. Return on cash invested sits at 20% in year one, and rental yield is 8.03% on a $527,000 entry. Equity gained on principal adds $3,401/yr, while 5% annual appreciation builds toward $145,600 over five years. Five-year ROI reaches 103.99% and total cumulative return in cash sums $180,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,527/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
7,936 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13041, Clay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,652 (100%) |
| Owner Occupied HU | 3,941 (84.7%) |
| Renter Occupied HU | 546 (11.7%) |
| Vacant Housing Units | 165 ( 3.5%) |
| Median Home Value | $230,560 |
| Average Home Value | $293,719 |
Housing Distribution
Address Breakdown
Residential
4,526
Single Family
4,526
Multi-Family
0
Businesses
118
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Listed by: Denise Van Patten • Berkshire Hathaway CNY Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1614848
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