104 Fallsview DrMontour FallsNY14865
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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 Montour Falls at 104 Fallsview Dr, Montour Falls, NY, 14865 priced at $278,500 converts $1,434/mo rent into after a $1,363/mo obligation. Total monthly income equals $1,434/mo. Return on cash invested prints 14.38% in year one, and rental yield reads 6.18% against a $278,500 entry. Equity gained on principal adds $1,797/yr, while 5% annual appreciation compiles into $76,944 by year five. Five-year ROI reaches 73.85% and total cumulative return in cash sums $68,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,434/mo property income covering a $1,363/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14865, Montour Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,248 (100%) |
| Owner Occupied HU | 732 (58.7%) |
| Renter Occupied HU | 366 (29.3%) |
| Vacant Housing Units | 150 (12.0%) |
| Median Home Value | $155,172 |
| Average Home Value | $199,279 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
854
Multi-Family
68
Businesses
117
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Listed by: Linda Santos • Warren Real Estate of Ithaca Inc. (Downtown)
Mls Name: NYSAMLSs
Mls ID: #R1641201