116 Worth AveSolvayNY13209
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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 Solvay at 116 Worth Ave, Solvay, NY, 13209 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 1870
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13209, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,138 (100%) |
| Owner Occupied HU | 3,887 (63.3%) |
| Renter Occupied HU | 1,844 (30.0%) |
| Vacant Housing Units | 407 ( 6.6%) |
| Median Home Value | $177,352 |
| Average Home Value | $238,896 |
Housing Distribution
Address Breakdown
Residential
5,890
Single Family
5,227
Multi-Family
663
Businesses
460
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Listed by: Richard McCarron • eXp Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1597086
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