507 Valley Dr EChittenangoNY13037
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Nearby investment properties with comparable prices
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 Chittenango at 507 Valley Dr E, Chittenango, NY, 13037 priced at $275,000 pairs $2,396/mo rent with $560/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,396/mo, and annual cash flow comes to $6,715/yr on $91,163 invested. Return on cash invested is 27.27% in year one, and rental yield stands at 10.46% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 142.99% and total cumulative return in cash reaches $130,355. For financing, Ziffy Mortgage’s DSCR program evaluates $2,396/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13037, Chittenango, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,875 (100%) |
| Owner Occupied HU | 2,832 (73.1%) |
| Renter Occupied HU | 824 (21.3%) |
| Vacant Housing Units | 219 ( 5.7%) |
| Median Home Value | $246,088 |
| Average Home Value | $264,097 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,430
Multi-Family
383
Businesses
214
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Listed by: Laurel Bennett • Keller Williams Syracuse
Mls Name: NYSAMLSs
Mls ID: #S1630285