2808 Hoxie Gorge RdMarathonNY13803
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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
Rental property for sale in Marathon at 2808 Hoxie Gorge Rd, Marathon, NY, 13803 generates $1,241/mo in rent, after a $1,855/mo payment. Total monthly income is $1,241/mo. Return on cash invested sits at 7.59% in year one, and rental yield is 3.93% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 37.44% and total cumulative return in cash sums $47,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,241/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13803, Marathon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,796 (100%) |
| Owner Occupied HU | 1,243 (69.2%) |
| Renter Occupied HU | 355 (19.8%) |
| Vacant Housing Units | 198 (11.0%) |
| Median Home Value | $173,733 |
| Average Home Value | $228,787 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,388
Multi-Family
0
Businesses
79
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Listed by: James D Yaman • YAMAN REAL ESTATE
Mls Name: GBMLS
Mls Provider:
Mls ID: #330814
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.