216 Elm StRomeNY13440
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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 Rome at 216 Elm St, Rome, NY, 13440 uses $33,150 cash to close to unlock $30,356/yr annual cash flow and $2,530/mo monthly cash flow. Total monthly income runs $3,197/mo, and a $489/mo payment keeps the spread at $2,530/mo. Purchase price stands at $100,000, and rental yield measures 38.36% with $3,197/mo rent. Return on cash invested shows 111.48% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 594.62% and total cumulative return in cash records $197,116. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,197/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1850
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13440, Rome, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,860 (100%) |
| Owner Occupied HU | 10,421 (55.3%) |
| Renter Occupied HU | 6,710 (35.6%) |
| Vacant Housing Units | 1,729 ( 9.2%) |
| Median Home Value | $187,381 |
| Average Home Value | $227,782 |
Housing Distribution
Address Breakdown
Residential
17,487
Single Family
15,735
Multi-Family
1,752
Businesses
973
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Listed by: Lori A. Frieden • Coldwell Banker Faith Properties R
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1457713
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