215 James StCanastotaNY13032
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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
Rental property for sale in Canastota at 215 James St, Canastota, NY, 13032 priced at $135,000 converts $1,080/mo rent into $178/mo cash flow after a $661/mo obligation. Total monthly income equals $1,080/mo, and annual cash flow totals $2,139/yr on $44,753 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 9.6% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 129.19% and total cumulative return in cash sums $57,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $661/mo payment, not borrower’s personal income.
Multi Family
Built in 1850
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13032, Canastota, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,844 (100%) |
| Owner Occupied HU | 3,790 (64.9%) |
| Renter Occupied HU | 1,336 (22.9%) |
| Vacant Housing Units | 718 (12.3%) |
| Median Home Value | $194,085 |
| Average Home Value | $241,179 |
Housing Distribution
Address Breakdown
Residential
5,223
Single Family
4,991
Multi-Family
232
Businesses
281
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Listed by: John C. Brown • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1559529
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