12989 State Route 28ForestportNY13338
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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
Total monthly income runs $2,880/mo, and a $3,891/mo payment. Purchase price stands at $795,000, and rental yield measures 4.35% with $2,880/mo rent. Return on cash invested shows 8.92% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 44.52% and total cumulative return in cash records $116,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Single Family
Built in 1921
1.00 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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Listed by: John C. Brown • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1632229