229 Hale RdNorwichNY13815
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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 Norwich at 229 Hale Rd, Norwich, NY, 13815 priced at $350,000 converts $2,316/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,316/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 7.94% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 102.31% and total cumulative return in cash sums $118,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,316/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13815, Norwich, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 3,585 (53.8%) |
| Renter Occupied HU | 2,142 (32.1%) |
| Vacant Housing Units | 942 (14.1%) |
| Median Home Value | $143,654 |
| Average Home Value | $181,555 |
Housing Distribution
Address Breakdown
Residential
5,761
Single Family
5,376
Multi-Family
385
Businesses
537
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