856 Olmstedville RoadNorth CreekNY12853
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 North Creek at 856 Olmstedville Road, North Creek, NY, 12853 priced at $144,000 converts $1,138/mo rent into $176/mo cash flow after a $705/mo obligation. Total monthly income equals $1,138/mo, and annual cash flow totals $2,114/yr on $47,736 invested. Return on cash invested prints 24.34% in year one, and rental yield reads 9.48% against a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation compiles into $39,785 by year five. Five-year ROI reaches 127.34% and total cumulative return in cash sums $60,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,138/mo property income covering a $705/mo payment, not borrower’s personal income.
Single Family
Built in 1967
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12853, North Creek, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 583 (45.3%) |
| Renter Occupied HU | 146 (11.4%) |
| Vacant Housing Units | 557 (43.3%) |
| Median Home Value | $304,643 |
| Average Home Value | $309,721 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
79
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Nearby investment properties with comparable prices
Listed by: Saraha Millington • Gallo Realty ADK Inc
Mls Name: Global MLS
Mls ID: #202529390