156 Lenox AveHorseheadsNY14845
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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 Horseheads at 156 Lenox Ave, Horseheads, NY, 14845 generates $994/mo in rent and, after a $636/mo payment, leaves $126/mo in cash flow. Total monthly income is $994/mo, and annual cash flow is $1,516/yr on $43,062 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 9.18% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 122.46% and total cumulative return in cash sums $52,735. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $994/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14845, Horseheads, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,720 (100%) |
| Owner Occupied HU | 6,521 (67.1%) |
| Renter Occupied HU | 2,466 (25.4%) |
| Vacant Housing Units | 733 ( 7.5%) |
| Median Home Value | $194,150 |
| Average Home Value | $250,152 |
Housing Distribution
Address Breakdown
Residential
8,915
Single Family
8,564
Multi-Family
351
Businesses
719
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Listed by: Morgan Leach • Howard Hanna Corning Denison
Mls Name: NYSAMLSs
Mls ID: #R1642792