1007 Morris StUticaNY13501
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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 Utica at 1007 Morris St, Utica, NY, 13501 generates $2,108/mo in rent, after a $1,713/mo payment. Total monthly income is $2,108/mo. Return on cash invested sits at 17.54% in year one, and rental yield is 7.23% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 90.77% and total cumulative return in cash sums $105,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,108/mo property income rather than buyer’s personal income.
Multi Family
Built in 1935
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13501, Utica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,745 (100%) |
| Owner Occupied HU | 6,876 (38.7%) |
| Renter Occupied HU | 8,830 (49.8%) |
| Vacant Housing Units | 2,039 (11.5%) |
| Median Home Value | $170,954 |
| Average Home Value | $241,228 |
Housing Distribution
Address Breakdown
Residential
14,993
Single Family
12,970
Multi-Family
2,023
Businesses
995
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