118 E Falconer StFalconerNY14733
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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 Falconer at 118 E Falconer St, Falconer, NY, 14733 priced at $154,900 converts $1,080/mo rent into $46/mo cash flow after a $758/mo obligation. Total monthly income equals $1,080/mo, and annual cash flow totals $549/yr on $51,349 invested. Return on cash invested prints 20.98% in year one, and rental yield reads 8.37% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 109.22% and total cumulative return in cash sums $56,084. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1941
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14733, Falconer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 1,045 (58.9%) |
| Renter Occupied HU | 511 (28.8%) |
| Vacant Housing Units | 217 (12.2%) |
| Median Home Value | $113,497 |
| Average Home Value | $161,459 |
Housing Distribution
Address Breakdown
Residential
1,599
Single Family
1,532
Multi-Family
67
Businesses
185
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