232 S 4th AveIlionNY13357
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 Ilion at 232 S 4th Ave, Ilion, NY, 13357 offers a 21.38% rental yield on a $167,333 purchase with $2,981/mo rent. Total monthly income registers $2,981/mo, and a $819/mo payment leaves $1,864/mo available for distribution. Annual cash flow reaches $22,363/yr on $55,471 to close, and return on cash invested stands at 60.22% in year one. Equity gained on principal adds $1,080/yr while 5% annual appreciation supports $46,231 over five years. Portfolio math shows five-year ROI at 319.69% and total cumulative return in cash at $177,336. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,981/mo property income against a $819/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13357, Ilion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 2,921 (60.8%) |
| Renter Occupied HU | 1,440 (30.0%) |
| Vacant Housing Units | 444 ( 9.2%) |
| Median Home Value | $120,659 |
| Average Home Value | $156,291 |
Housing Distribution
Address Breakdown
Residential
4,465
Single Family
4,180
Multi-Family
285
Businesses
183
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louis DeMichele Jr. • eXp Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1560994
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2024-09-03 13:42:25 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.