38 North StMarcellusNY13108
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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 Marcellus at 38 North St, Marcellus, NY, 13108 uses $132,567 cash to close to unlock $16,726/yr annual cash flow and $1,394/mo monthly cash flow. Total monthly income runs $4,064/mo, and a $1,957/mo payment keeps the spread at $1,394/mo. Purchase price stands at $399,900, and rental yield measures 12.2% with $4,064/mo rent. Return on cash invested shows 32.53% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 171.14% and total cumulative return in cash records $226,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,064/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13108, Marcellus, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,527 (100%) |
| Owner Occupied HU | 1,918 (75.9%) |
| Renter Occupied HU | 499 (19.7%) |
| Vacant Housing Units | 110 ( 4.4%) |
| Median Home Value | $269,930 |
| Average Home Value | $315,356 |
Housing Distribution
Address Breakdown
Residential
2,550
Single Family
2,355
Multi-Family
195
Businesses
155
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