2298 State Highway 23MorrisNY13808
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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
Total monthly income runs $0/mo, and a $1,904/mo payment. Purchase price stands at $389,000, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -4.26% in year one, and 5% annual appreciation builds toward $107,474 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1984
5.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13808, Morris, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 864 (100%) |
| Owner Occupied HU | 506 (58.6%) |
| Renter Occupied HU | 165 (19.1%) |
| Vacant Housing Units | 193 (22.3%) |
| Median Home Value | $186,047 |
| Average Home Value | $285,810 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
64
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