325 Shappee StHorseheadsNY14845
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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 Horseheads at 325 Shappee St, Horseheads, NY, 14845 priced at $179,900 converts $2,051/mo rent into $849/mo cash flow after a $881/mo obligation. Total monthly income equals $2,051/mo, and annual cash flow totals $10,190/yr on $59,637 invested. Return on cash invested prints 37% in year one, and rental yield reads 13.68% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 195.2% and total cumulative return in cash sums $116,409. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,051/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1959
7,840 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: Sue Larson • Howard Hanna Elmira
Mls Name: NYSAMLSs
Mls ID: #R1657080