24814 State Highway 97HancockNY13783
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
Investment Highlights
Investment property for sale in Hancock at 24814 State Highway 97, Hancock, NY, 13783 offers a 8.02% rental yield on a $169,000 purchase with $1,129/mo rent. Total monthly income registers $1,129/mo, and a $827/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $7/yr on $56,024 to close, and return on cash invested stands at 19.92% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 103.6% and total cumulative return in cash at $58,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,129/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13783, Hancock, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 843 (38.4%) |
| Renter Occupied HU | 308 (14.0%) |
| Vacant Housing Units | 1,044 (47.6%) |
| Median Home Value | $188,816 |
| Average Home Value | $283,339 |
Housing Distribution
Address Breakdown
Residential
1,422
Single Family
1,359
Multi-Family
63
Businesses
142
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Nearby investment properties with comparable prices
Listed by: Sharon M. Gordon (Dennis) • Joanne McGibney Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1586695
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