860 Peirson AveNewarkNY14513
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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 Newark at 860 Peirson Ave, Newark, NY, 14513 listed at $379,000 pairs $1,518/mo rent with a $1,855/mo payment. Total monthly income runs $1,518/mo. Return on cash invested measures 10.23% in year one, and rental yield registers 4.81% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Five-year ROI tracks 51.63% and total cumulative return in cash totals $64,871. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,518/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
2.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14513, Newark, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 3,616 (55.7%) |
| Renter Occupied HU | 2,231 (34.4%) |
| Vacant Housing Units | 646 ( 9.9%) |
| Median Home Value | $153,950 |
| Average Home Value | $200,226 |
Housing Distribution
Address Breakdown
Residential
5,721
Single Family
5,401
Multi-Family
320
Businesses
421
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