8 College StCantonNY13617
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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 Canton at 8 College St, Canton, NY, 13617 priced at $262,000 converts $1,790/mo rent into $41/mo cash flow after a $1,282/mo obligation. Total monthly income equals $1,790/mo, and annual cash flow totals $489/yr on $86,853 invested. Return on cash invested prints 20.47% in year one, and rental yield reads 8.2% against a $262,000 entry. Equity gained on principal adds $1,691/yr, while 5% annual appreciation compiles into $72,386 by year five. Five-year ROI reaches 106.51% and total cumulative return in cash sums $92,505. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,790/mo property income covering a $1,282/mo payment, not borrower’s personal income.
Single Family
Built in 1855
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13617, Canton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,149 (100%) |
| Owner Occupied HU | 2,330 (56.2%) |
| Renter Occupied HU | 1,277 (30.8%) |
| Vacant Housing Units | 542 (13.1%) |
| Median Home Value | $171,262 |
| Average Home Value | $201,627 |
Housing Distribution
Address Breakdown
Residential
3,731
Single Family
3,339
Multi-Family
392
Businesses
379
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Listed by: Gail C Abplanalp • Grasse River Real Estate, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #50867
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