2361 E Hill RdHomerNY13077
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2361 E Hill Rd, Homer, NY, 13077 in Homer: $3,124/mo in rent, $1,721/mo net, 17.85% gross yield, all on a $210,000 acquisition. The 3.31 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $58,019 in value, and $1,934/yr in principal paydown steadily builds equity. Projected total cumulative return: $190,915.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.9% | 6.2% |
| Monthly Cash Flow | $1,721 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,124 |
| Total Monthly Debt Service | $1,319 |
| DSCR Ratio | 2.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13077, Homer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 2,050 (67.6%) |
| Renter Occupied HU | 621 (20.5%) |
| Vacant Housing Units | 361 (11.9%) |
| Median Home Value | $184,349 |
| Average Home Value | $277,991 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,606
Multi-Family
112
Businesses
184
Nearby investment properties with comparable rents
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
Single Family
Built in 1975
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13077, Homer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 2,050 (67.6%) |
| Renter Occupied HU | 621 (20.5%) |
| Vacant Housing Units | 361 (11.9%) |
| Median Home Value | $184,349 |
| Average Home Value | $277,991 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,606
Multi-Family
112
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices