31 Sherman StJohnson 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
Investment property for sale in Johnson City at 31 Sherman St, Johnson City, NY, 13790 uses $61,328 cash to close to unlock $4,069/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,574/mo, and a $905/mo payment keeps the spread at $339/mo. Purchase price stands at $185,000, and rental yield measures 10.21% with $1,574/mo rent. Return on cash invested shows 26.54% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 139.13% and total cumulative return in cash records $85,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,574/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,356 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: Briana Cardin-Rogers • HOWARD HANNA
Mls Name: GBMLS
Mls ID: #334027