1026 Norton RdForestportNY13338
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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 Forestport at 1026 Norton Rd, Forestport, NY, 13338 offers a 3.84% rental yield on a $899,000 purchase with $2,880/mo rent. 39% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 36.31% and total cumulative return in cash at $107,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.36 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
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Listed by: Danicia Myers • Herron Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1608552
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