296 Corliss AveJohnson CityNY13790
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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 Johnson City at 296 Corliss Ave, Johnson City, NY, 13790 priced at $164,900 converts $1,054/mo rent into after a $807/mo obligation. Total monthly income equals $1,054/mo. Return on cash invested prints 18.88% in year one, and rental yield reads 7.67% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 97.94% and total cumulative return in cash sums $53,536. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,054/mo property income covering a $807/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
5,662 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: Lisberto Calvo Garcia • INNOVATIVE COMMERCIAL ADVISORS
Mls Name: GBMLS
Mls Provider:
Mls ID: #331340
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.