11-13 Owego St #11CortlandNY13045
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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 Cortland at 11-13 Owego St #11, Cortland, NY, 13045 earns $3,147/mo cash flow from $4,342/mo rent with a $876/mo payment. Total monthly income totals $4,342/mo, and annual cash flow totals $37,761/yr on $59,339 capital. ROI tracks 83.55% on current figures, and rental yield reads 29.11% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 444.75% and total cumulative return in cash sums $263,907. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,342/mo property income instead of your personal income.
Multi Family
Built in 1890
6,760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13045, Cortland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,694 (100%) |
| Owner Occupied HU | 6,164 (48.6%) |
| Renter Occupied HU | 4,871 (38.4%) |
| Vacant Housing Units | 1,659 (13.1%) |
| Median Home Value | $174,845 |
| Average Home Value | $236,162 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
9,631
Multi-Family
1,842
Businesses
1,010
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