128 Higby RdUticaNY13501
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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 Utica at 128 Higby Rd, Utica, NY, 13501 offers $1,388/mo rent that, after a $881/mo payment, leaves $186/mo cash flow. Total monthly income is $1,388/mo, and annual cash flow is $2,232/yr on $59,670 cash. Return on cash invested measures 23.65% in year one, and rental yield stands at 9.25% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 123.55% and total cumulative return in cash reaches $73,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,388/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13501, Utica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,745 (100%) |
| Owner Occupied HU | 6,876 (38.7%) |
| Renter Occupied HU | 8,830 (49.8%) |
| Vacant Housing Units | 2,039 (11.5%) |
| Median Home Value | $170,954 |
| Average Home Value | $241,228 |
Housing Distribution
Address Breakdown
Residential
14,993
Single Family
12,970
Multi-Family
2,023
Businesses
995
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