260 Cherry LnCincinnatusNY13040
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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 Cincinnatus at 260 Cherry Ln, Cincinnatus, NY, 13040 earns $145/mo cash flow from $1,273/mo rent with a $827/mo payment. Total monthly income totals $1,273/mo, and annual cash flow totals $1,735/yr on $56,024 capital. ROI tracks 23.01% on current figures, and rental yield reads 9.04% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 120.13% and total cumulative return in cash sums $67,303. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,273/mo property income instead of your personal income.
Single Family
Built in 2022
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13040, Cincinnatus, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,376 (100%) |
| Owner Occupied HU | 898 (65.3%) |
| Renter Occupied HU | 195 (14.2%) |
| Vacant Housing Units | 283 (20.6%) |
| Median Home Value | $188,415 |
| Average Home Value | $250,061 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
38
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Listed by: James Massaro • Zuill Realty
Mls Name: My State MLS
Mls ID: #11408052