1251 County Highway 6OtegoNY13825
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 Otego at 1251 County Highway 6, Otego, NY, 13825 generates $2,527/mo in rent and, after a $907/mo payment, leaves $1,289/mo in cash flow. Total monthly income is $2,527/mo, and annual cash flow is $15,472/yr on $61,460 invested. Return on cash invested sits at 45.08% in year one, and rental yield is 16.36% on a $185,400 entry. Equity gained on principal adds $1,196/yr, while 5% annual appreciation builds toward $51,223 over five years. Five-year ROI reaches 238.53% and total cumulative return in cash sums $146,600. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,527/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
7.61 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: Hillary Giuda-Philpott • Coldwell Banker Timberland Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1602412
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