226 Prospect 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 226 Prospect St, Canastota, NY, 13032 offers $1,080/mo rent that, after a $697/mo payment, leaves $129/mo cash flow. Total monthly income is $1,080/mo, and annual cash flow is $1,547/yr on $47,239 cash. Return on cash invested measures 23.18% in year one, and rental yield stands at 9.09% at a $142,500 entry. Equity gained on principal adds $920/yr while 5% annual appreciation compounds into $39,370 by year five. Five-year ROI records 121.03% and total cumulative return in cash reaches $57,171. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $697/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.26 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: Linda Crawford • Hunt Real Estate ERA
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1564323
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