29 Spruce StJohnson CityNY13790
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
Rental property for sale in Johnson City at 29 Spruce St, Johnson City, NY, 13790 priced at $164,900 pairs $1,237/mo rent with $136/mo cash flow after a $807/mo payment. Total monthly income equals $1,237/mo, and annual cash flow comes to $1,631/yr on $54,664 invested. Return on cash invested is 22.89% in year one, and rental yield stands at 9% on a $164,900 basis. Equity gained on principal adds $1,064/yr, and 5% annual appreciation accumulates to $45,559 by year five. Five-year ROI measures 119.45% and total cumulative return in cash reaches $65,296. For financing, Ziffy Mortgage’s DSCR program evaluates $1,237/mo property income against a $807/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13790, Johnson City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,406 (100%) |
| Owner Occupied HU | 4,215 (44.8%) |
| Renter Occupied HU | 3,857 (41.0%) |
| Vacant Housing Units | 1,334 (14.2%) |
| Median Home Value | $129,675 |
| Average Home Value | $196,243 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
7,107
Multi-Family
954
Businesses
662
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Listed by: Robert G. Potochniak • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332842