18 Meadow StOtegoNY13825
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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 Otego at 18 Meadow St, Otego, NY, 13825 priced at $250,000 converts $1,788/mo rent into $118/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,788/mo, and annual cash flow totals $1,418/yr on $82,875 invested. Return on cash invested prints 21.62% in year one, and rental yield reads 8.58% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 112.71% and total cumulative return in cash sums $93,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,788/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.63 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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