114 State StSeneca FallsNY13148
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 Seneca Falls at 114 State St, Seneca Falls, NY, 13148 offers $2,442/mo rent that, after a $685/mo payment, leaves $1,508/mo cash flow. Total monthly income is $2,442/mo, and annual cash flow is $18,090/yr on $46,377 cash. Return on cash invested measures 58.92% in year one, and rental yield stands at 20.95% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 312.68% and total cumulative return in cash reaches $145,011. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,442/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13148, Seneca Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,317 (100%) |
| Owner Occupied HU | 2,906 (54.7%) |
| Renter Occupied HU | 1,663 (31.3%) |
| Vacant Housing Units | 748 (14.1%) |
| Median Home Value | $160,094 |
| Average Home Value | $208,365 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,215
Multi-Family
453
Businesses
313
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Listed by: Nicholas M. Davoli • Century 21 Steve Davoli RE
Mls Name: NYSAMLSs
Mls ID: #R1637187