54 Ravine StHornellNY14843
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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 Hornell at 54 Ravine St, Hornell, NY, 14843 uses $44,752 cash to close to unlock $5,979/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,400/mo, and a $661/mo payment keeps the spread at $498/mo. Purchase price stands at $134,999, and rental yield measures 12.44% with $1,400/mo rent. Return on cash invested shows 33.27% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 175.23% and total cumulative return in cash records $78,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,400/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14843, Hornell, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,392 (53.2%) |
| Renter Occupied HU | 2,085 (32.7%) |
| Vacant Housing Units | 893 (14.0%) |
| Median Home Value | $123,430 |
| Average Home Value | $167,656 |
Housing Distribution
Address Breakdown
Residential
5,627
Single Family
5,051
Multi-Family
576
Businesses
503
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Listed by: Kari Tobias • Keuka Lake & Land Realty Penn Yan
Mls Name: ECMLS
Mls Provider:
Mls ID: #276724
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.