231 Lee AveHorseheadsNY14845
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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 Horseheads at 231 Lee Ave, Horseheads, NY, 14845 priced at $288,900 pairs $1,440/mo rent with after a $1,414/mo payment. Total monthly income equals $1,440/mo. Return on cash invested is 13.78% in year one, and rental yield stands at 5.98% on a $288,900 basis. Equity gained on principal adds $1,864/yr, and 5% annual appreciation accumulates to $79,818 by year five. Five-year ROI measures 70.61% and total cumulative return in cash reaches $67,627. For financing, Ziffy Mortgage’s DSCR program evaluates $1,440/mo property income against a $1,414/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.40 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: Abby M. Russell • Russell Real Estate Solutions
Mls Name: ECMLS
Mls Provider:
Mls ID: #276598
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.