4283 Canalside DrPalmyraNY14522
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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 Palmyra at 4283 Canalside Dr, Palmyra, NY, 14522 generates $1,810/mo in rent and, after a $636/mo payment, leaves $942/mo in cash flow. Total monthly income is $1,810/mo, and annual cash flow is $11,308/yr on $43,062 invested. Return on cash invested sits at 46.17% in year one, and rental yield is 16.72% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 244.38% and total cumulative return in cash sums $105,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,810/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14522, Palmyra, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,226 (100%) |
| Owner Occupied HU | 2,802 (66.3%) |
| Renter Occupied HU | 1,094 (25.9%) |
| Vacant Housing Units | 330 ( 7.8%) |
| Median Home Value | $190,493 |
| Average Home Value | $228,836 |
Housing Distribution
Address Breakdown
Residential
3,921
Single Family
3,618
Multi-Family
303
Businesses
239
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