31 Park StNorwoodNY13668
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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 Norwood at 31 Park St, Norwood, NY, 13668 offers $1,500/mo rent that, after a $734/mo payment, leaves $499/mo cash flow. Total monthly income is $1,500/mo, and annual cash flow is $5,982/yr on $49,725 cash. Return on cash invested measures 31.94% in year one, and rental yield stands at 12% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 168.02% and total cumulative return in cash reaches $83,550. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13668, Norwood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 1,159 (66.9%) |
| Renter Occupied HU | 389 (22.5%) |
| Vacant Housing Units | 184 (10.6%) |
| Median Home Value | $159,375 |
| Average Home Value | $239,834 |
Housing Distribution
Address Breakdown
Residential
1,373
Single Family
1,315
Multi-Family
58
Businesses
55
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