132 Highland AveNewarkNY14513
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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 Newark at 132 Highland Ave, Newark, NY, 14513 priced at $299,900 converts $1,170/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,170/mo. Return on cash invested prints 9.86% in year one, and rental yield reads 4.68% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 49.61% and total cumulative return in cash sums $49,324. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,170/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14513, Newark, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 3,616 (55.7%) |
| Renter Occupied HU | 2,231 (34.4%) |
| Vacant Housing Units | 646 ( 9.9%) |
| Median Home Value | $153,950 |
| Average Home Value | $200,226 |
Housing Distribution
Address Breakdown
Residential
5,721
Single Family
5,401
Multi-Family
320
Businesses
421
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