13937 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
Rental property for sale in Forestport at 13937 State Route 28, Forestport, NY, 13338 generates $1,359/mo in rent and, after a $827/mo payment, leaves $231/mo in cash flow. Total monthly income is $1,359/mo, and annual cash flow is $2,767/yr on $56,024 invested. Return on cash invested sits at 24.85% in year one, and rental yield is 9.65% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 130.01% and total cumulative return in cash sums $72,835. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,359/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4,791 sqft 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: Richard M. Parent • Coldwell Banker Prime Properties
Mls Name: NYSAMLSs
Mls ID: #S1619742