156 Minnow Brook LnOld ForgeNY13420
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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 Old Forge at 156 Minnow Brook Ln, Old Forge, NY, 13420 priced at $339,900 converts $0/mo rent into after a $1,664/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -4.53% in year one, and rental yield reads 0% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1910
4,791 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13420, Old Forge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 492 (20.3%) |
| Renter Occupied HU | 137 ( 5.7%) |
| Vacant Housing Units | 1,793 (74.0%) |
| Median Home Value | $350,000 |
| Average Home Value | $456,712 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
92
Multi-Family
3
Businesses
137
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jaimee Tormey • Herron Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1630256
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