402 Northrup DrUticaNY13502
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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 Utica at 402 Northrup Dr, Utica, NY, 13502 priced at $226,600 converts $2,090/mo rent into $577/mo cash flow after a $1,109/mo obligation. Total monthly income equals $2,090/mo, and annual cash flow totals $6,923/yr on $75,118 invested. Return on cash invested prints 29.12% in year one, and rental yield reads 11.07% against a $226,600 entry. Equity gained on principal adds $1,462/yr, while 5% annual appreciation compiles into $62,605 by year five. Five-year ROI reaches 152.89% and total cumulative return in cash sums $114,847. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,090/mo property income covering a $1,109/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13502, Utica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,550 (100%) |
| Owner Occupied HU | 7,571 (48.7%) |
| Renter Occupied HU | 6,211 (39.9%) |
| Vacant Housing Units | 1,768 (11.4%) |
| Median Home Value | $164,440 |
| Average Home Value | $209,266 |
Housing Distribution
Address Breakdown
Residential
14,327
Single Family
13,277
Multi-Family
1,050
Businesses
1,009
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Listed by: Michele Bruzzese • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1619610
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