580 County RoadNorwichNY13815
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 Norwich at 580 County Road, Norwich, NY, 13815 priced at $665,000 pairs $724/mo rent with after a $3,255/mo payment. Total monthly income equals $724/mo. Return on cash invested is -0.33% in year one, and rental yield stands at 1.31% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $724/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13815, Norwich, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 3,585 (53.8%) |
| Renter Occupied HU | 2,142 (32.1%) |
| Vacant Housing Units | 942 (14.1%) |
| Median Home Value | $143,654 |
| Average Home Value | $181,555 |
Housing Distribution
Address Breakdown
Residential
5,761
Single Family
5,376
Multi-Family
385
Businesses
537
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Nearby investment properties with comparable prices
Listed by: Dawn M Payne • Payne Team LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6309157
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. 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. Copyright 2024 OneKey MLS. All rights reserved.