11 Caton RdCorningNY14830
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Corning at 11 Caton Rd, Corning, NY, 14830 offers $1,800/mo rent that, after a $923/mo payment, leaves $541/mo cash flow. Total monthly income is $1,800/mo, and annual cash flow is $6,490/yr on $62,488 cash. Return on cash invested measures 30.3% in year one, and rental yield stands at 11.46% at a $188,500 entry. Equity gained on principal adds $1,216/yr while 5% annual appreciation compounds into $52,079 by year five. Five-year ROI records 159.19% and total cumulative return in cash reaches $99,477. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $923/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14830, Corning, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,530 (100%) |
| Owner Occupied HU | 5,416 (56.8%) |
| Renter Occupied HU | 3,111 (32.6%) |
| Vacant Housing Units | 1,003 (10.5%) |
| Median Home Value | $195,235 |
| Average Home Value | $226,330 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,188
Multi-Family
525
Businesses
669
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices