967 Old State Route 31MemphisNY13080
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Investment property for sale in Memphis at 967 Old State Route 31, Memphis, NY, 13080 listed at $499,000 pairs $0/mo rent with a $2,442/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.26% in year one, and rental yield registers 0% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13080, Jordan, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,770 (100%) |
| Owner Occupied HU | 1,155 (65.3%) |
| Renter Occupied HU | 278 (15.7%) |
| Vacant Housing Units | 337 (19.0%) |
| Median Home Value | $200,135 |
| Average Home Value | $254,387 |
Housing Distribution
Address Breakdown
Residential
1,325
Single Family
1,230
Multi-Family
95
Businesses
70
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices