1 Cherry DrConklinNY13748
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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 Conklin at 1 Cherry Dr, Conklin, NY, 13748 offers $1,930/mo rent that, after a $700/mo payment, leaves $975/mo cash flow. Total monthly income is $1,930/mo, and annual cash flow is $11,700/yr on $47,405 cash. Return on cash invested measures 44.59% in year one, and rental yield stands at 16.2% at a $143,000 entry. Equity gained on principal adds $923/yr while 5% annual appreciation compounds into $39,508 by year five. Five-year ROI records 235.83% and total cumulative return in cash reaches $111,796. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,930/mo property income versus a $700/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13748, Conklin, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,594 (100%) |
| Owner Occupied HU | 1,202 (75.4%) |
| Renter Occupied HU | 256 (16.1%) |
| Vacant Housing Units | 136 ( 8.5%) |
| Median Home Value | $153,971 |
| Average Home Value | $207,069 |
Housing Distribution
Address Breakdown
Residential
1,476
Single Family
1,435
Multi-Family
41
Businesses
83
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Listed by: Heather E. Wilcox • KELLER WILLIAMS REALTY GREATER BINGHAMTON
Mls Name: GBMLS
Mls Provider:
Mls ID: #331969
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.