103 Spadafora AveRomeNY13440
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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 Rome at 103 Spadafora Ave, Rome, NY, 13440 generates $1,259/mo in rent and, after a $590/mo payment, leaves $454/mo in cash flow. Total monthly income is $1,259/mo, and annual cash flow is $5,449/yr on $39,946 invested. Return on cash invested sits at 33.55% in year one, and rental yield is 12.54% on a $120,500 entry. Equity gained on principal adds $778/yr, while 5% annual appreciation builds toward $33,292 over five years. Five-year ROI reaches 176.78% and total cumulative return in cash sums $70,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13440, Rome, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,860 (100%) |
| Owner Occupied HU | 10,421 (55.3%) |
| Renter Occupied HU | 6,710 (35.6%) |
| Vacant Housing Units | 1,729 ( 9.2%) |
| Median Home Value | $187,381 |
| Average Home Value | $227,782 |
Housing Distribution
Address Breakdown
Residential
17,487
Single Family
15,735
Multi-Family
1,752
Businesses
973
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