1 Hess Rd #12ForestportNY13338
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
Investment property for sale in Forestport at 1 Hess Rd #12, Forestport, NY, 13338 with 5% annual appreciation on a $179,995 basis while $1,402/mo rent supports operations. Total monthly income totals $1,402/mo and a $881/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,400/yr on $59,668 deployed, and return on cash invested reaches 23.93% in year one. Equity gained on principal adds $1,161/yr, and five-year appreciation sums $49,729 alongside rental yield of 9.35%. Five-year ROI measures 125.14% and total cumulative return in cash totals $74,667.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
5.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13338, Forestport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,530 (100%) |
| Owner Occupied HU | 525 (34.3%) |
| Renter Occupied HU | 53 ( 3.5%) |
| Vacant Housing Units | 952 (62.2%) |
| Median Home Value | $257,051 |
| Average Home Value | $290,062 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
611
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Christmas • CHRISTMAS AND ASSOCIATES INC
Mls Name: NY State MLS
Mls ID: #11452348