2804 Westinghouse RdHorseheadsNY14845
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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 Horseheads at 2804 Westinghouse Rd, Horseheads, NY, 14845 offers a 9.67% rental yield on a $219,990 purchase with $1,773/mo rent. Total monthly income registers $1,773/mo, and a $1,077/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,644/yr on $72,927 to close, and return on cash invested stands at 24.91% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,779 over five years. Portfolio math shows five-year ROI at 130.3% and total cumulative return in cash at $95,024. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,773/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.26 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: Ronald (Ron) E. Finefrock • Signature Properties Corning
Mls Name: NYSAMLSs
Mls ID: #R1611518