







Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.

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 Delmar at 515 Delaware Avenue, Delmar, NY, 12054 priced at $409,900 converts $2,712/mo rent into after a $2,006/mo obligation. Total monthly income equals $2,712/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 7.94% against a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation compiles into $113,248 by year five. Five-year ROI reaches 102.33% and total cumulative return in cash sums $139,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,712/mo property income covering a $2,006/mo payment, not borrower’s personal income.
Multi Family
Built in 1960
0.37 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 12054, Delmar, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,569 (100%) |
| Owner Occupied HU | 5,376 (71.0%) |
| Renter Occupied HU | 1,838 (24.3%) |
| Vacant Housing Units | 355 ( 4.7%) |
| Median Home Value | $373,707 |
| Average Home Value | $399,553 |
Housing Distribution
Address Breakdown
Residential
7,525
Single Family
7,137
Multi-Family
388
Businesses
478
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.



Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1960
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Off Street, Paved, Attached, Driveway, Garage
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 0.37 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Mary Canova • Gabler Realty, LLC
Mls Name: Global MLS
Mls ID: #202529182