30 Prospect StHomerNY13077
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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 Homer at 30 Prospect St, Homer, NY, 13077 uses $41,404 cash to close to unlock $1,455/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $955/mo, and a $611/mo payment keeps the spread at $121/mo. Purchase price stands at $124,900, and rental yield measures 9.18% with $955/mo rent. Return on cash invested shows 23.42% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 122.42% and total cumulative return in cash records $50,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $955/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,812 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13077, Homer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 2,050 (67.6%) |
| Renter Occupied HU | 621 (20.5%) |
| Vacant Housing Units | 361 (11.9%) |
| Median Home Value | $184,349 |
| Average Home Value | $277,991 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,606
Multi-Family
112
Businesses
184
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