330 West AveHorseheadsNY14845
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Nearby investment properties with comparable prices
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 330 West Ave, Horseheads, NY, 14845 priced at $230,000 converts $1,983/mo rent into $447/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,983/mo, and annual cash flow totals $5,362/yr on $76,245 invested. Return on cash invested prints 26.94% in year one, and rental yield reads 10.35% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 141.2% and total cumulative return in cash sums $107,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,983/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.39 Acres 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: Andrew Mitchell • Keller Williams Realty Southern Tier & Finger Lakes
Mls Name: NYSAMLSs
Mls ID: #R1655552