102 Mechanic StCanastotaNY13032
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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 Canastota at 102 Mechanic St, Canastota, NY, 13032 generates $1,080/mo in rent and, after a $636/mo payment, leaves $212/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $2,546/yr on $43,095 invested. Return on cash invested sits at 25.82% in year one, and rental yield is 9.97% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 135.25% and total cumulative return in cash sums $58,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13032, Canastota, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,844 (100%) |
| Owner Occupied HU | 3,790 (64.9%) |
| Renter Occupied HU | 1,336 (22.9%) |
| Vacant Housing Units | 718 (12.3%) |
| Median Home Value | $194,085 |
| Average Home Value | $241,179 |
Housing Distribution
Address Breakdown
Residential
5,223
Single Family
4,991
Multi-Family
232
Businesses
281
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