1118 Moose River RdForestportNY13338
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
Rental property for sale in Forestport at 1118 Moose River Rd, Forestport, NY, 13338 priced at $350,000 converts $2,880/mo rent into $543/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $6,514/yr on $116,025 invested. Return on cash invested prints 25.52% in year one, and rental yield reads 9.87% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 133.59% and total cumulative return in cash sums $154,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1982
2.30 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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Nearby investment properties with comparable prices
Listed by: Audrey Strutynski • Benn Realty-Old Forge
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1601906
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