232 Grand StHornellNY14843
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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 Hornell at 232 Grand St, Hornell, NY, 14843 generates $919/mo in rent and, after a $567/mo payment, leaves $145/mo in cash flow. Total monthly income is $919/mo, and annual cash flow is $1,744/yr on $38,421 invested. Return on cash invested sits at 24.45% in year one, and rental yield is 9.52% on a $115,900 entry. Equity gained on principal adds $748/yr, while 5% annual appreciation builds toward $32,021 over five years. Five-year ROI reaches 127.91% and total cumulative return in cash sums $49,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $919/mo property income rather than buyer’s personal income.
Single Family
Built in 1875
7,500 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
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