214 W South StMontour FallsNY14865
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 Montour Falls at 214 W South St, Montour Falls, NY, 14865 offers $1,434/mo rent that, after a $925/mo payment, leaves $172/mo cash flow. Total monthly income is $1,434/mo, and annual cash flow is $2,063/yr on $62,654 cash. Return on cash invested measures 23.2% in year one, and rental yield stands at 9.1% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 121.14% and total cumulative return in cash reaches $75,898. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,434/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1853
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14865, Montour Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,248 (100%) |
| Owner Occupied HU | 732 (58.7%) |
| Renter Occupied HU | 366 (29.3%) |
| Vacant Housing Units | 150 (12.0%) |
| Median Home Value | $155,172 |
| Average Home Value | $199,279 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
854
Multi-Family
68
Businesses
117
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Listed by: Chad E. Peek • Keller Williams Realty Gateway
Mls Name: NYSAMLSs
Mls ID: #R1625980