89 College StClintonNY13323
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 Clinton at 89 College St, Clinton, NY, 13323 priced at $229,000 converts $1,715/mo rent into $186/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,715/mo, and annual cash flow totals $2,227/yr on $75,914 invested. Return on cash invested prints 22.84% in year one, and rental yield reads 8.99% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 119.23% and total cumulative return in cash sums $90,509. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,715/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1940
7,426 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13323, Clinton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,024 (100%) |
| Owner Occupied HU | 3,163 (63.0%) |
| Renter Occupied HU | 1,440 (28.7%) |
| Vacant Housing Units | 421 ( 8.4%) |
| Median Home Value | $259,185 |
| Average Home Value | $270,813 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,088
Multi-Family
421
Businesses
326
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