8 Furnace StNorfolkNY13667
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norfolk at 8 Furnace St, Norfolk, NY, 13667 offers $1,400/mo rent that, after a $905/mo payment, leaves $165/mo cash flow. Total monthly income is $1,400/mo, and annual cash flow is $1,981/yr on $61,328 cash. Return on cash invested measures 23.14% in year one, and rental yield stands at 9.08% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 120.89% and total cumulative return in cash reaches $74,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,400/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13667, Norfolk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,654 (100%) |
| Owner Occupied HU | 1,087 (65.7%) |
| Renter Occupied HU | 374 (22.6%) |
| Vacant Housing Units | 193 (11.7%) |
| Median Home Value | $150,242 |
| Average Home Value | $207,608 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,182
Multi-Family
54
Businesses
52
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