408 W Willett StRomeNY13440
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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 Rome at 408 W Willett St, Rome, NY, 13440 priced at $149,500 converts $1,500/mo rent into $501/mo cash flow after a $732/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $6,017/yr on $49,559 invested. Return on cash invested prints 32.05% in year one, and rental yield reads 12.04% against a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation compiles into $41,304 by year five. Five-year ROI reaches 168.63% and total cumulative return in cash sums $83,573. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $732/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
3,036 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13440, Rome, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,860 (100%) |
| Owner Occupied HU | 10,421 (55.3%) |
| Renter Occupied HU | 6,710 (35.6%) |
| Vacant Housing Units | 1,729 ( 9.2%) |
| Median Home Value | $187,381 |
| Average Home Value | $227,782 |
Housing Distribution
Address Breakdown
Residential
17,487
Single Family
15,735
Multi-Family
1,752
Businesses
973
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Listed by: Fred F. Macchia • 1st Rome Realty LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1569612
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