23 Middle RdHorseheadsNY14845
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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
Investment property for sale in Horseheads at 23 Middle Rd, Horseheads, NY, 14845 with 5% annual appreciation on a $224,900 basis while $1,794/mo rent supports operations. Total monthly income totals $1,794/mo and a $1,101/mo payment preserves $292/mo for cash returns. Annual cash flow comes to $3,503/yr on $74,554 deployed, and return on cash invested reaches 24.61% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 9.57%. Five-year ROI measures 128.69% and total cumulative return in cash totals $95,941.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,794/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14845, Horseheads, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,720 (100%) |
| Owner Occupied HU | 6,521 (67.1%) |
| Renter Occupied HU | 2,466 (25.4%) |
| Vacant Housing Units | 733 ( 7.5%) |
| Median Home Value | $194,150 |
| Average Home Value | $250,152 |
Housing Distribution
Address Breakdown
Residential
8,915
Single Family
8,564
Multi-Family
351
Businesses
719
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Listed by: Nichol Clark • Howard Hanna Horseheads
Mls Name: NYSAMLSs
Mls ID: #R1613142