159 Hemlock StHorseheadsNY14845
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 Horseheads at 159 Hemlock St, Horseheads, NY, 14845 priced at $139,900 pairs $1,890/mo rent with $956/mo cash flow after a $685/mo payment. Total monthly income equals $1,890/mo, and annual cash flow comes to $11,466/yr on $46,377 invested. Return on cash invested is 44.63% in year one, and rental yield stands at 16.21% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 236.12% and total cumulative return in cash reaches $109,503. For financing, Ziffy Mortgage’s DSCR program evaluates $1,890/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
7,800 sqft 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: Jonathan M. Lerche • Warren Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1641648