92 Hillview RdSpencerNY14883
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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 Spencer at 92 Hillview Rd, Spencer, NY, 14883 generates $3,122/mo in rent and, after a $1,248/mo payment, leaves $1,419/mo in cash flow. Total monthly income is $3,122/mo, and annual cash flow is $17,031/yr on $84,533 invested. Return on cash invested sits at 40.06% in year one, and rental yield is 14.69% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 211.55% and total cumulative return in cash sums $178,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,122/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14883, Spencer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,715 (100%) |
| Owner Occupied HU | 1,140 (66.5%) |
| Renter Occupied HU | 383 (22.3%) |
| Vacant Housing Units | 192 (11.2%) |
| Median Home Value | $191,905 |
| Average Home Value | $236,441 |
Housing Distribution
Address Breakdown
Residential
1,633
Single Family
1,621
Multi-Family
12
Businesses
84
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Listed by: Suzanne Powers • RE/MAX In Motion
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1616879
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