5966 County Route 24CantonNY13617
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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 5966 County Route 24, Canton, NY, 13617 uses $112,544 cash to close to unlock $8,335/yr annual cash flow and $695/mo monthly cash flow. Total monthly income runs $2,962/mo, and a $1,662/mo payment keeps the spread at $695/mo. Purchase price stands at $339,500, and rental yield measures 10.47% with $2,962/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 143.21% and total cumulative return in cash records $161,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,962/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Single Family
Built in 1993
2.02 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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