21 Summit StNorwichNY13815
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
Investment property for sale in Norwich at 21 Summit St, Norwich, NY, 13815 at $259,800 posts ROI 67.45% with $3,412/mo cash flow from $5,147/mo rent. Total monthly income equals $5,147/mo, and annual cash flow records $40,940/yr on $86,124 to close. Return on cash invested measures 67.45% and rental yield reads 23.77% at the current $259,800. Equity gained on principal adds $1,676/yr, and 5% annual appreciation supports $71,778 by year five. Five-year ROI prints 358.41% and total cumulative return in cash totals $308,679.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,147/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
0.38 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: Louis DeMichele Jr. • eXp Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1554308
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