181 Pat Farley RoadNorwichNY13815
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 Norwich at 181 Pat Farley Road, Norwich, NY, 13815 generates $724/mo in rent, after a $3,328/mo payment. Total monthly income is $724/mo. Return on cash invested sits at -0.41% in year one, and rental yield is 1.28% on a $679,981 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation builds toward $187,866 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $724/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
18.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13815, Norwich, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 3,585 (53.8%) |
| Renter Occupied HU | 2,142 (32.1%) |
| Vacant Housing Units | 942 (14.1%) |
| Median Home Value | $143,654 |
| Average Home Value | $181,555 |
Housing Distribution
Address Breakdown
Residential
5,761
Single Family
5,376
Multi-Family
385
Businesses
537
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Nearby investment properties with comparable prices
Listed by: Dawn M Payne • Payne Team LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6297453
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.