15 State StManchesterNY14504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Manchester at 15 State St, Manchester, NY, 14504 priced at $179,900 converts $2,341/mo rent into $1,139/mo cash flow after a $881/mo obligation. Total monthly income equals $2,341/mo, and annual cash flow totals $13,670/yr on $59,637 invested. Return on cash invested prints 42.83% in year one, and rental yield reads 15.62% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 226.49% and total cumulative return in cash sums $135,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,341/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,233 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14504, Manchester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 834 (100%) |
| Owner Occupied HU | 583 (69.9%) |
| Renter Occupied HU | 194 (23.3%) |
| Vacant Housing Units | 57 ( 6.8%) |
| Median Home Value | $109,743 |
| Average Home Value | $126,587 |
Housing Distribution
Address Breakdown
Residential
710
Single Family
507
Multi-Family
203
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Belinda A. Fratto • Howard Hanna
Mls Name: NYSAMLSs
Mls ID: #R1646246