8675 Terrace DrRomeNY13440
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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 8675 Terrace Dr, Rome, NY, 13440 offers a 8.23% rental yield on a $349,900 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,713/mo payment leaves $63/mo available for distribution. Annual cash flow reaches $756/yr on $115,992 to close, and return on cash invested stands at 20.56% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 107.02% and total cumulative return in cash at $124,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.44 Acres 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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