217 Horizon DrChittenangoNY13037
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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 Chittenango at 217 Horizon Dr, Chittenango, NY, 13037 priced at $429,000 converts $3,139/mo rent into $274/mo cash flow after a $2,100/mo obligation. Total monthly income equals $3,139/mo, and annual cash flow totals $3,287/yr on $142,214 invested. Return on cash invested prints 22.22% in year one, and rental yield reads 8.78% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 115.87% and total cumulative return in cash sums $164,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,139/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13037, Chittenango, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,875 (100%) |
| Owner Occupied HU | 2,832 (73.1%) |
| Renter Occupied HU | 824 (21.3%) |
| Vacant Housing Units | 219 ( 5.7%) |
| Median Home Value | $246,088 |
| Average Home Value | $264,097 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,430
Multi-Family
383
Businesses
214
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