24 Francis AveNorwichNY13815
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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 Norwich at 24 Francis Ave, Norwich, NY, 13815 offers a 14.65% rental yield on a $195,000 purchase with $2,380/mo rent. Total monthly income registers $2,380/mo, and a $954/mo payment leaves $1,078/mo available for distribution. Annual cash flow reaches $12,939/yr on $64,643 to close, and return on cash invested stands at 39.93% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 210.88% and total cumulative return in cash at $136,318. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,380/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13815, Norwich, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 3,585 (53.8%) |
| Renter Occupied HU | 2,142 (32.1%) |
| Vacant Housing Units | 942 (14.1%) |
| Median Home Value | $143,654 |
| Average Home Value | $181,555 |
Housing Distribution
Address Breakdown
Residential
5,761
Single Family
5,376
Multi-Family
385
Businesses
537
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Listed by: Patrick S. McNeil • Keller Williams Upstate NY Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1527851
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