216 Corliss AveJohnson CityNY13790
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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 Johnson City at 216 Corliss Ave, Johnson City, NY, 13790 generates $2,160/mo in rent and, after a $876/mo payment, leaves $965/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $11,577/yr on $59,339 invested. Return on cash invested sits at 39.42% in year one, and rental yield is 14.48% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 208.14% and total cumulative return in cash sums $123,507. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
5,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13790, Johnson City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,406 (100%) |
| Owner Occupied HU | 4,215 (44.8%) |
| Renter Occupied HU | 3,857 (41.0%) |
| Vacant Housing Units | 1,334 (14.2%) |
| Median Home Value | $129,675 |
| Average Home Value | $196,243 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
7,107
Multi-Family
954
Businesses
662
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Listed by: Vincent Lucenti • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333305