2403 State Route 89 HwySeneca FallsNY13148
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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
Investment property for sale in Seneca Falls at 2403 State Route 89 Hwy, Seneca Falls, NY, 13148 offers a 3.89% rental yield on a $369,900 purchase with $1,200/mo rent. 48% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 36.86% and total cumulative return in cash at $45,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13148, Seneca Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,317 (100%) |
| Owner Occupied HU | 2,906 (54.7%) |
| Renter Occupied HU | 1,663 (31.3%) |
| Vacant Housing Units | 748 (14.1%) |
| Median Home Value | $160,094 |
| Average Home Value | $208,365 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,215
Multi-Family
453
Businesses
313
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Listed by: Teresa A. Van Tassel • Century 21 Steve Davoli RE
Mls Name: NYSAMLSs
Mls ID: #R1639003