176-178 E Clark StIlionNY13357
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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
Investment property for sale in Ilion at 176-178 E Clark St, Ilion, NY, 13357 uses $47,073 cash to close to unlock $6,261/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $1,470/mo, and a $695/mo payment keeps the spread at $522/mo. Purchase price stands at $142,000, and rental yield measures 12.42% with $1,470/mo rent. Return on cash invested shows 33.21% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 174.83% and total cumulative return in cash records $82,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,470/mo property income covering a $695/mo payment rather than investor’s personal income.
Multi Family
Built in 1923
6,242 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13357, Ilion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 2,921 (60.8%) |
| Renter Occupied HU | 1,440 (30.0%) |
| Vacant Housing Units | 444 ( 9.2%) |
| Median Home Value | $120,659 |
| Average Home Value | $156,291 |
Housing Distribution
Address Breakdown
Residential
4,465
Single Family
4,180
Multi-Family
285
Businesses
183
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Listed by: Ciro Raspante • Hunt Real Estate ERA
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1618863
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