509 Bailey StChittenangoNY13037
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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
Investment property for sale in Chittenango at 509 Bailey St, Chittenango, NY, 13037 with 5% annual appreciation on a $146,700 basis while $2,261/mo rent supports operations. Total monthly income totals $2,261/mo and a $718/mo payment preserves $1,281/mo for cash returns. Annual cash flow comes to $15,377/yr on $48,631 deployed, and return on cash invested reaches 51.53% in year one. Equity gained on principal adds $947/yr, and five-year appreciation sums $40,531 alongside rental yield of 18.49%. Five-year ROI measures 273.11% and total cumulative return in cash totals $132,818.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,261/mo property income versus a $718/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
7,405 sqft 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: N/A • N/A
Mls Name: HUNT ERA Real Estate
Mls ID: #S1611188