308 Seneca RdHornellNY14843
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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 Hornell at 308 Seneca Rd, Hornell, NY, 14843 offers $2,203/mo rent that, after a $1,151/mo payment, leaves $633/mo cash flow. Total monthly income is $2,203/mo, and annual cash flow is $7,593/yr on $77,936 cash. Return on cash invested measures 29.65% in year one, and rental yield stands at 11.24% at a $235,100 entry. Equity gained on principal adds $1,517/yr while 5% annual appreciation compounds into $64,954 by year five. Five-year ROI records 155.74% and total cumulative return in cash reaches $121,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,203/mo property income versus a $1,151/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14843, Hornell, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,392 (53.2%) |
| Renter Occupied HU | 2,085 (32.7%) |
| Vacant Housing Units | 893 (14.0%) |
| Median Home Value | $123,430 |
| Average Home Value | $167,656 |
Housing Distribution
Address Breakdown
Residential
5,627
Single Family
5,051
Multi-Family
576
Businesses
503
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