14424 State Route 38SterlingNY13156
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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 Sterling at 14424 State Route 38, Sterling, NY, 13156 generates $1,632/mo in rent, after a $1,561/mo payment. Total monthly income is $1,632/mo. Return on cash invested sits at 14.26% in year one, and rental yield is 6.14% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 73.22% and total cumulative return in cash sums $77,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,632/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
7.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13156, Sterling, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,554 (100%) |
| Owner Occupied HU | 826 (53.2%) |
| Renter Occupied HU | 154 ( 9.9%) |
| Vacant Housing Units | 574 (36.9%) |
| Median Home Value | $194,079 |
| Average Home Value | $293,856 |
Housing Distribution
Address Breakdown
Residential
883
Single Family
860
Multi-Family
23
Businesses
24
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