260 Secor RdOtegoNY13825
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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 Otego at 260 Secor Rd, Otego, NY, 13825 listed at $385,000 pairs $3,000/mo rent with a $1,884/mo payment to leave $429/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $5,153/yr on $127,628 cash to close. Return on cash invested measures 23.95% in year one, and rental yield registers 9.35% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 125.15% and total cumulative return in cash totals $159,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
12.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13825, Otego, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,666 (100%) |
| Owner Occupied HU | 1,112 (66.7%) |
| Renter Occupied HU | 264 (15.8%) |
| Vacant Housing Units | 290 (17.4%) |
| Median Home Value | $210,900 |
| Average Home Value | $231,174 |
Housing Distribution
Address Breakdown
Residential
1,257
Single Family
1,257
Multi-Family
0
Businesses
54
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