18 Woodruff StCortlandNY13045
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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
Investment property for sale in Cortland at 18 Woodruff St, Cortland, NY, 13045 earns $2,586/mo cash flow from $4,342/mo rent with a $1,287/mo payment. Total monthly income totals $4,342/mo, and annual cash flow totals $31,032/yr on $87,185 capital. ROI tracks 55.5% on current figures, and rental yield reads 19.81% at a $263,000 purchase. Equity gained on principal adds $1,697/yr, and 5% annual appreciation supports $72,662 over five years. Five-year ROI reaches 294.34% and total cumulative return in cash sums $256,619. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,342/mo property income instead of your personal income.
Multi Family
Built in 1870
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13045, Cortland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,694 (100%) |
| Owner Occupied HU | 6,164 (48.6%) |
| Renter Occupied HU | 4,871 (38.4%) |
| Vacant Housing Units | 1,659 (13.1%) |
| Median Home Value | $174,845 |
| Average Home Value | $236,162 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
9,631
Multi-Family
1,842
Businesses
1,010
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Listed by: Colby Gee • RE/MAX In Motion
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1553747
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.