56 Spruce StIlionNY13357
Nearby investment properties with comparable rents
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 Ilion at 56 Spruce St, Ilion, NY, 13357 generates $1,859/mo in rent and, after a $526/mo payment, leaves $1,141/mo in cash flow. Total monthly income is $1,859/mo, and annual cash flow is $13,698/yr on $35,603 invested. Return on cash invested sits at 58.38% in year one, and rental yield is 20.77% on a $107,400 entry. Equity gained on principal adds $693/yr, while 5% annual appreciation builds toward $29,673 over five years. Five-year ROI reaches 309.85% and total cumulative return in cash sums $110,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,859/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13357, Ilion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 2,921 (60.8%) |
| Renter Occupied HU | 1,440 (30.0%) |
| Vacant Housing Units | 444 ( 9.2%) |
| Median Home Value | $120,659 |
| Average Home Value | $156,291 |
Housing Distribution
Address Breakdown
Residential
4,465
Single Family
4,180
Multi-Family
285
Businesses
183
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Brockway • Brockway-Carpenter Real Estate LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1575135
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2024-11-20 17:31:45 PST. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.