246 E Franklin StHorseheadsNY14845
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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 Horseheads at 246 E Franklin St, Horseheads, NY, 14845 offers $1,680/mo rent that, after a $856/mo payment, leaves $512/mo cash flow. Total monthly income is $1,680/mo, and annual cash flow is $6,145/yr on $57,979 cash. Return on cash invested measures 30.51% in year one, and rental yield stands at 11.53% at a $174,900 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,322 by year five. Five-year ROI records 160.42% and total cumulative return in cash reaches $93,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $856/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
1.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14845, Horseheads, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,720 (100%) |
| Owner Occupied HU | 6,521 (67.1%) |
| Renter Occupied HU | 2,466 (25.4%) |
| Vacant Housing Units | 733 ( 7.5%) |
| Median Home Value | $194,150 |
| Average Home Value | $250,152 |
Housing Distribution
Address Breakdown
Residential
8,915
Single Family
8,564
Multi-Family
351
Businesses
719
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Listed by: Dane Davis • Signature Properties
Mls Name: NYSAMLSs
Mls ID: #R1647439