11 E Main StPanamaNY14767
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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 Panama at 11 E Main St, Panama, NY, 14767 priced at $129,900 converts $983/mo rent into $115/mo cash flow after a $636/mo obligation. Total monthly income equals $983/mo, and annual cash flow totals $1,384/yr on $43,062 invested. Return on cash invested prints 23.12% in year one, and rental yield reads 9.08% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 120.79% and total cumulative return in cash sums $52,015. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $983/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14767, Panama, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 821 (100%) |
| Owner Occupied HU | 594 (72.4%) |
| Renter Occupied HU | 103 (12.5%) |
| Vacant Housing Units | 124 (15.1%) |
| Median Home Value | $171,269 |
| Average Home Value | $214,575 |
Housing Distribution
Address Breakdown
Residential
648
Single Family
648
Multi-Family
0
Businesses
29
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