120 Silver Lake SpurHancockNY13783
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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 Hancock at 120 Silver Lake Spur, Hancock, NY, 13783 listed at $179,000 pairs $2,332/mo rent with a $876/mo payment to leave $1,127/mo cash flow. Total monthly income runs $2,332/mo, and annual cash flow reaches $13,521/yr on $59,339 cash to close. Return on cash invested measures 42.7% in year one, and rental yield registers 15.63% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 225.77% and total cumulative return in cash totals $133,971. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,332/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13783, Hancock, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 843 (38.4%) |
| Renter Occupied HU | 308 (14.0%) |
| Vacant Housing Units | 1,044 (47.6%) |
| Median Home Value | $188,816 |
| Average Home Value | $283,339 |
Housing Distribution
Address Breakdown
Residential
1,422
Single Family
1,359
Multi-Family
63
Businesses
142
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