1190 County Highway 6OtegoNY13825
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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
Rental property for sale in Otego at 1190 County Highway 6, Otego, NY, 13825 priced at $125,000 converts $991/mo rent into $156/mo cash flow after a $612/mo obligation. Total monthly income equals $991/mo, and annual cash flow totals $1,873/yr on $41,438 invested. Return on cash invested prints 24.43% in year one, and rental yield reads 9.51% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 127.87% and total cumulative return in cash sums $52,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $991/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 2005
2.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13825, Otego, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,666 (100%) |
| Owner Occupied HU | 1,112 (66.7%) |
| Renter Occupied HU | 264 (15.8%) |
| Vacant Housing Units | 290 (17.4%) |
| Median Home Value | $210,900 |
| Average Home Value | $231,174 |
Housing Distribution
Address Breakdown
Residential
1,257
Single Family
1,257
Multi-Family
0
Businesses
54
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Listed by: Mary Maney • Coldwell Banker Timberland Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1626895
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