7 Spring St #1NorwoodNY13668
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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 Norwood at 7 Spring St #1, Norwood, NY, 13668 generates $4,234/mo in rent and, after a $636/mo payment, leaves $3,366/mo in cash flow. Total monthly income is $4,234/mo, and annual cash flow is $40,396/yr on $43,062 invested. Return on cash invested sits at 113.72% in year one, and rental yield is 39.11% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 606.62% and total cumulative return in cash sums $261,223. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,234/mo property income rather than buyer’s personal income.
Single Family
Built in 1885
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13668, Norwood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 1,159 (66.9%) |
| Renter Occupied HU | 389 (22.5%) |
| Vacant Housing Units | 184 (10.6%) |
| Median Home Value | $159,375 |
| Average Home Value | $239,834 |
Housing Distribution
Address Breakdown
Residential
1,373
Single Family
1,315
Multi-Family
58
Businesses
55
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Listed by: Lori Snyder • Trego Realty Group, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #49576
Disclaimer: 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.