Depot RdClevelandNY13042
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 Cleveland at Depot Rd, Cleveland, NY, 13042 offers $2,639/mo rent that, after a $1,294/mo payment, leaves $874/mo cash flow. Total monthly income is $2,639/mo, and annual cash flow is $10,484/yr on $87,615 cash. Return on cash invested measures 31.87% in year one, and rental yield stands at 11.98% at a $264,300 entry. Equity gained on principal adds $1,705/yr while 5% annual appreciation compounds into $73,021 by year five. Five-year ROI records 167.65% and total cumulative return in cash reaches $146,892. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,639/mo property income versus a $1,294/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13042, Cleveland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,349 (100%) |
| Owner Occupied HU | 753 (55.8%) |
| Renter Occupied HU | 174 (12.9%) |
| Vacant Housing Units | 422 (31.3%) |
| Median Home Value | $188,527 |
| Average Home Value | $236,059 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
31
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Nearby investment properties with comparable prices