2 Elm StNorwoodNY13668
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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 Norwood at 2 Elm St, Norwood, NY, 13668 uses $44,322 cash to close to unlock $13,051/yr annual cash flow and $1,088/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $654/mo payment keeps the spread at $1,088/mo. Purchase price stands at $133,700, and rental yield measures 17.77% with $1,980/mo rent. Return on cash invested shows 49.35% in year one, and 5% annual appreciation builds toward $36,939 over five years. Five-year ROI reaches 261.41% and total cumulative return in cash records $115,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $654/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13668, Norwood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 1,159 (66.9%) |
| Renter Occupied HU | 389 (22.5%) |
| Vacant Housing Units | 184 (10.6%) |
| Median Home Value | $159,375 |
| Average Home Value | $239,834 |
Housing Distribution
Address Breakdown
Residential
1,373
Single Family
1,315
Multi-Family
58
Businesses
55
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