856 Ideal TerVestalNY13850
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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 Vestal at 856 Ideal Ter, Vestal, NY, 13850 uses $53,007 cash to close to unlock $6,154/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $1,581/mo, and a $783/mo payment keeps the spread at $513/mo. Purchase price stands at $159,900, and rental yield measures 11.86% with $1,581/mo rent. Return on cash invested shows 31.52% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 165.75% and total cumulative return in cash records $87,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,581/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1936
4,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13850, Vestal, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,667 (100%) |
| Owner Occupied HU | 6,527 (67.5%) |
| Renter Occupied HU | 2,350 (24.3%) |
| Vacant Housing Units | 790 ( 8.2%) |
| Median Home Value | $198,051 |
| Average Home Value | $275,759 |
Housing Distribution
Address Breakdown
Residential
8,697
Single Family
7,763
Multi-Family
934
Businesses
686
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Listed by: Erin C. Whited • KELLER WILLIAMS REALTY GREATER BINGHAMTON
Mls Name: GBMLS
Mls Provider:
Mls ID: #331125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.