1665 State Route 31ChittenangoNY13037
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 Chittenango at 1665 State Route 31, Chittenango, NY, 13037 generates $2,846/mo in rent and, after a $942/mo payment, leaves $1,561/mo in cash flow. Total monthly income is $2,846/mo, and annual cash flow is $18,729/yr on $63,814 invested. Return on cash invested sits at 49.26% in year one, and rental yield is 17.74% on a $192,500 entry. Equity gained on principal adds $1,242/yr, while 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 260.89% and total cumulative return in cash sums $166,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,846/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13037, Chittenango, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,875 (100%) |
| Owner Occupied HU | 2,832 (73.1%) |
| Renter Occupied HU | 824 (21.3%) |
| Vacant Housing Units | 219 ( 5.7%) |
| Median Home Value | $246,088 |
| Average Home Value | $264,097 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,430
Multi-Family
383
Businesses
214
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Listed by: James Monahan • Monahan CNY Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1615177
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