919 State Route 40MelroseNY12121
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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
Investment property for sale in Melrose at 919 State Route 40, Melrose, NY, 12121 offers a 9.74% rental yield on a $459,000 purchase with $3,724/mo rent. Total monthly income registers $3,724/mo, and a $2,247/mo payment leaves $658/mo available for distribution. Annual cash flow reaches $7,901/yr on $152,159 to close, and return on cash invested stands at 25.1% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 131.33% and total cumulative return in cash at $199,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,724/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1878
24.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12121, Melrose, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 661 (85.2%) |
| Renter Occupied HU | 59 ( 7.6%) |
| Vacant Housing Units | 56 ( 7.2%) |
| Median Home Value | $338,995 |
| Average Home Value | $410,530 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
25
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