705 Court StUticaNY13502
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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 Utica at 705 Court St, Utica, NY, 13502 with 5% annual appreciation on a $189,000 basis while $1,756/mo rent supports operations. Total monthly income totals $1,756/mo and a $925/mo payment preserves $494/mo for cash returns. Annual cash flow comes to $5,927/yr on $62,654 deployed, and return on cash invested reaches 29.37% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 11.15%. Five-year ROI measures 154.2% and total cumulative return in cash totals $96,610.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,756/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1890
3,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13502, Utica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,550 (100%) |
| Owner Occupied HU | 7,571 (48.7%) |
| Renter Occupied HU | 6,211 (39.9%) |
| Vacant Housing Units | 1,768 (11.4%) |
| Median Home Value | $164,440 |
| Average Home Value | $209,266 |
Housing Distribution
Address Breakdown
Residential
14,327
Single Family
13,277
Multi-Family
1,050
Businesses
1,009
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