2351 Morrison DrPalmyraNY14522
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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 Palmyra at 2351 Morrison Dr, Palmyra, NY, 14522 generates $1,554/mo in rent and, after a $1,101/mo payment, leaves $52/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $623/yr on $74,554 invested. Return on cash invested sits at 20.74% in year one, and rental yield is 8.29% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 107.96% and total cumulative return in cash sums $80,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14522, Palmyra, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,226 (100%) |
| Owner Occupied HU | 2,802 (66.3%) |
| Renter Occupied HU | 1,094 (25.9%) |
| Vacant Housing Units | 330 ( 7.8%) |
| Median Home Value | $190,493 |
| Average Home Value | $228,836 |
Housing Distribution
Address Breakdown
Residential
3,921
Single Family
3,618
Multi-Family
303
Businesses
239
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