520 Old Route 11CantonNY13617
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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 Canton at 520 Old Route 11, Canton, NY, 13617 uses $74,588 cash to close to unlock $57/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $1,101/mo payment keeps the spread at $5/mo. Purchase price stands at $225,000, and rental yield measures 8.04% with $1,507/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 103.9% and total cumulative return in cash records $77,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13617, Canton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,149 (100%) |
| Owner Occupied HU | 2,330 (56.2%) |
| Renter Occupied HU | 1,277 (30.8%) |
| Vacant Housing Units | 542 (13.1%) |
| Median Home Value | $171,262 |
| Average Home Value | $201,627 |
Housing Distribution
Address Breakdown
Residential
3,731
Single Family
3,339
Multi-Family
392
Businesses
379
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Listed by: Ariane Palmer • Palmer Realty
Mls Name: SLCMLS
Mls Provider:
Mls ID: #51330
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.