5889 Joy RdMarionNY14505
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 Marion at 5889 Joy Rd, Marion, NY, 14505 generates $1,303/mo in rent and, after a $832/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,303/mo, and annual cash flow is $2,016/yr on $56,322 invested. Return on cash invested sits at 23.49% in year one, and rental yield is 9.2% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 122.79% and total cumulative return in cash sums $69,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,303/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14505, Marion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 1,705 (77.7%) |
| Renter Occupied HU | 313 (14.3%) |
| Vacant Housing Units | 177 ( 8.1%) |
| Median Home Value | $188,866 |
| Average Home Value | $211,276 |
Housing Distribution
Address Breakdown
Residential
2,027
Single Family
1,988
Multi-Family
39
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices