5 Biviano LnNorwichNY13815
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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 Norwich at 5 Biviano Ln, Norwich, NY, 13815 generates $839/mo in rent, after a $710/mo payment. Total monthly income is $839/mo. Return on cash invested sits at 16.67% in year one, and rental yield is 6.94% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 86.2% and total cumulative return in cash sums $41,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $839/mo property income rather than buyer’s personal income.
Condo
Built in 2011
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13815, Norwich, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 3,585 (53.8%) |
| Renter Occupied HU | 2,142 (32.1%) |
| Vacant Housing Units | 942 (14.1%) |
| Median Home Value | $143,654 |
| Average Home Value | $181,555 |
Housing Distribution
Address Breakdown
Residential
5,761
Single Family
5,376
Multi-Family
385
Businesses
537
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