23 Main St UNIT AHornellNY14843
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hornell at 23 Main St UNIT A, Hornell, NY, 14843 offers a 17.21% rental yield on a $110,200 purchase with $1,580/mo rent. Total monthly income registers $1,580/mo, and a $539/mo payment leaves $844/mo available for distribution. Annual cash flow reaches $10,134/yr on $36,531 to close, and return on cash invested stands at 47.65% in year one. Equity gained on principal adds $711/yr while 5% annual appreciation supports $30,446 over five years. Portfolio math shows five-year ROI at 252.32% and total cumulative return in cash at $92,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,580/mo property income against a $539/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
2,252 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14843, Hornell, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,392 (53.2%) |
| Renter Occupied HU | 2,085 (32.7%) |
| Vacant Housing Units | 893 (14.0%) |
| Median Home Value | $123,430 |
| Average Home Value | $167,656 |
Housing Distribution
Address Breakdown
Residential
5,627
Single Family
5,051
Multi-Family
576
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices