3115 Butler AveHorseheadsNY14845
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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 Horseheads at 3115 Butler Ave, Horseheads, NY, 14845 uses $49,692 cash to close to unlock $1,604/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,135/mo, and a $734/mo payment keeps the spread at $134/mo. Purchase price stands at $149,900, and rental yield measures 9.09% with $1,135/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 120.81% and total cumulative return in cash records $60,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,135/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14845, Horseheads, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,720 (100%) |
| Owner Occupied HU | 6,521 (67.1%) |
| Renter Occupied HU | 2,466 (25.4%) |
| Vacant Housing Units | 733 ( 7.5%) |
| Median Home Value | $194,150 |
| Average Home Value | $250,152 |
Housing Distribution
Address Breakdown
Residential
8,915
Single Family
8,564
Multi-Family
351
Businesses
719
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Listed by: Michael (Mike) S. Hamilton • Howard Hanna Elmira
Mls Name: NYSAMLSs
Mls ID: #R1659404