7029 County Route 27HornellNY14843
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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 Hornell at 7029 County Route 27, Hornell, NY, 14843 generates $1,843/mo in rent, after a $1,625/mo payment. Total monthly income is $1,843/mo. Return on cash invested sits at 15.83% in year one, and rental yield is 6.66% on a $332,000 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation builds toward $91,725 over five years. Five-year ROI reaches 81.6% and total cumulative return in cash sums $89,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,843/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
29.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14843, Hornell, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,392 (53.2%) |
| Renter Occupied HU | 2,085 (32.7%) |
| Vacant Housing Units | 893 (14.0%) |
| Median Home Value | $123,430 |
| Average Home Value | $167,656 |
Housing Distribution
Address Breakdown
Residential
5,627
Single Family
5,051
Multi-Family
576
Businesses
503
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