1940 State Highway 41BainbridgeNY13733
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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 Bainbridge at 1940 State Highway 41, Bainbridge, NY, 13733 generates $1,976/mo in rent, after a $1,542/mo payment. Total monthly income is $1,976/mo. Return on cash invested sits at 18.44% in year one, and rental yield is 7.53% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 95.65% and total cumulative return in cash sums $99,881. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,976/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13733, Bainbridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,586 (100%) |
| Owner Occupied HU | 1,655 (64.0%) |
| Renter Occupied HU | 441 (17.1%) |
| Vacant Housing Units | 490 (18.9%) |
| Median Home Value | $165,320 |
| Average Home Value | $188,882 |
Housing Distribution
Address Breakdown
Residential
2,273
Single Family
2,257
Multi-Family
16
Businesses
122
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Listed by: James O. Vance • NORTHEAST REALTY
Mls Name: GBMLS
Mls Provider:
Mls ID: #330323
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.