3 Jay StCantonNY13617
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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 Canton at 3 Jay St, Canton, NY, 13617 priced at $299,000 converts $2,852/mo rent into $856/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,852/mo, and annual cash flow totals $10,269/yr on $99,119 invested. Return on cash invested prints 30.27% in year one, and rental yield reads 11.45% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 159.04% and total cumulative return in cash sums $157,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,852/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1880
5,332 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13617, Canton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,149 (100%) |
| Owner Occupied HU | 2,330 (56.2%) |
| Renter Occupied HU | 1,277 (30.8%) |
| Vacant Housing Units | 542 (13.1%) |
| Median Home Value | $171,262 |
| Average Home Value | $201,627 |
Housing Distribution
Address Breakdown
Residential
3,731
Single Family
3,339
Multi-Family
392
Businesses
379
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Listed by: Nicole Hayes • Grasse River Real Estate, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #50854
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.