22 Frank StCortlandNY13045
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Nearby investment properties with comparable prices
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 22 Frank St, Cortland, NY, 13045 at $179,900 posts ROI 32.83% with $642/mo cash flow from $1,844/mo rent. Total monthly income equals $1,844/mo, and annual cash flow records $7,706/yr on $59,637 to close. Return on cash invested measures 32.83% and rental yield reads 12.3% at the current $179,900. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 by year five. Five-year ROI prints 172.84% and total cumulative return in cash totals $103,077.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,844/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1918
6,830 sqft 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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