61 2nd StIlionNY13357
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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
Rental property for sale in Ilion at 61 2nd St, Ilion, NY, 13357 priced at $120,000 converts $962/mo rent into $161/mo cash flow after a $587/mo obligation. Total monthly income equals $962/mo, and annual cash flow totals $1,932/yr on $39,780 invested. Return on cash invested prints 24.77% in year one, and rental yield reads 9.62% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 129.55% and total cumulative return in cash sums $51,535. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $962/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1905
4,399 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
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