87 Merwin StreetJewettNY12444
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 Jewett at 87 Merwin Street, Jewett, NY, 12444 priced at $190,000 pairs $1,514/mo rent with $245/mo cash flow after a $930/mo payment. Total monthly income equals $1,514/mo, and annual cash flow comes to $2,942/yr on $62,985 invested. Return on cash invested is 24.58% in year one, and rental yield stands at 9.56% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 128.6% and total cumulative return in cash reaches $81,000. For financing, Ziffy Mortgage’s DSCR program evaluates $1,514/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1971
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12444, Jewett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 598 (100%) |
| Owner Occupied HU | 182 (30.4%) |
| Renter Occupied HU | 31 ( 5.2%) |
| Vacant Housing Units | 385 (64.4%) |
| Median Home Value | $406,250 |
| Average Home Value | $521,676 |
Housing Distribution
Address Breakdown
Residential
154
Single Family
154
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices