707 Union StRomeNY13440
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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 Rome at 707 Union St, Rome, NY, 13440 uses $56,322 cash to close to unlock $4,380/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $832/mo payment keeps the spread at $365/mo. Purchase price stands at $169,900, and rental yield measures 10.59% with $1,500/mo rent. Return on cash invested shows 27.69% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 145.27% and total cumulative return in cash records $81,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1954
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13440, Rome, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,860 (100%) |
| Owner Occupied HU | 10,421 (55.3%) |
| Renter Occupied HU | 6,710 (35.6%) |
| Vacant Housing Units | 1,729 ( 9.2%) |
| Median Home Value | $187,381 |
| Average Home Value | $227,782 |
Housing Distribution
Address Breakdown
Residential
17,487
Single Family
15,735
Multi-Family
1,752
Businesses
973
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