6697 Nelson RdCanastotaNY13032
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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 Canastota at 6697 Nelson Rd, Canastota, NY, 13032 earns $643/mo cash flow from $3,815/mo rent with a $2,325/mo payment. Total monthly income totals $3,815/mo, and annual cash flow totals $7,715/yr on $157,463 capital. ROI tracks 24.81% on current figures, and rental yield reads 9.64% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 129.76% and total cumulative return in cash sums $204,319. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,815/mo property income instead of your personal income.
Single Family
Built in 1900
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13032, Canastota, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,844 (100%) |
| Owner Occupied HU | 3,790 (64.9%) |
| Renter Occupied HU | 1,336 (22.9%) |
| Vacant Housing Units | 718 (12.3%) |
| Median Home Value | $194,085 |
| Average Home Value | $241,179 |
Housing Distribution
Address Breakdown
Residential
5,223
Single Family
4,991
Multi-Family
232
Businesses
281
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