LOT 3 Elm RdStarkeyNY14837
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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 Starkey at LOT 3 Elm Rd, Starkey, NY, 14837 priced at $1,420,000 converts $960/mo rent into after a $6,950/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints -1.86% in year one, and rental yield reads 0.81% against a $1,420,000 entry. Equity gained on principal adds $9,163/yr, while 5% annual appreciation compiles into $392,320 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $6,950/mo payment, not borrower’s personal income.
Single Family
Built in 2026
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14837, Dundee, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 1,559 (49.4%) |
| Renter Occupied HU | 519 (16.5%) |
| Vacant Housing Units | 1,076 (34.1%) |
| Median Home Value | $192,457 |
| Average Home Value | $306,315 |
Housing Distribution
Address Breakdown
Residential
2,320
Single Family
2,281
Multi-Family
39
Businesses
108
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