14 Morris StNorfolkNY13667
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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 Norfolk at 14 Morris St, Norfolk, NY, 13667 generates $859/mo in rent and, after a $538/mo payment, leaves $125/mo in cash flow. Total monthly income is $859/mo, and annual cash flow is $1,498/yr on $36,465 invested. Return on cash invested sits at 24.02% in year one, and rental yield is 9.37% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 125.51% and total cumulative return in cash sums $45,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $859/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13667, Norfolk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,654 (100%) |
| Owner Occupied HU | 1,087 (65.7%) |
| Renter Occupied HU | 374 (22.6%) |
| Vacant Housing Units | 193 (11.7%) |
| Median Home Value | $150,242 |
| Average Home Value | $207,608 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,182
Multi-Family
54
Businesses
52
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Listed by: Matthew Szeliga • Mountain Run Realty
Mls Name: SLCMLS
Mls Provider:
Mls ID: #51224
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.