2357 Morrison DrPalmyraNY14522
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 Palmyra at 2357 Morrison Dr, Palmyra, NY, 14522 at $165,000 posts ROI 23.61% with $169/mo cash flow from $1,271/mo rent. Total monthly income equals $1,271/mo, and annual cash flow records $2,025/yr on $54,698 to close. Return on cash invested measures 23.61% and rental yield reads 9.24% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 123.36% and total cumulative return in cash totals $67,475.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,271/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
0.62 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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Listed by: Laurie A. Casella • Hunt Real Estate ERA/Columbus
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1587919
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