29 Fenderson StPainted PostNY14870
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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 Painted Post at 29 Fenderson St, Painted Post, NY, 14870 offers $1,166/mo rent that, after a $724/mo payment, leaves $178/mo cash flow. Total monthly income is $1,166/mo, and annual cash flow is $2,137/yr on $49,062 cash. Return on cash invested measures 24.26% in year one, and rental yield stands at 9.45% at a $148,000 entry. Equity gained on principal adds $955/yr while 5% annual appreciation compounds into $40,890 by year five. Five-year ROI records 126.95% and total cumulative return in cash reaches $62,282. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,166/mo property income versus a $724/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14870, Painted Post, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,868 (63.3%) |
| Renter Occupied HU | 1,264 (27.9%) |
| Vacant Housing Units | 400 ( 8.8%) |
| Median Home Value | $220,128 |
| Average Home Value | $236,334 |
Housing Distribution
Address Breakdown
Residential
4,467
Single Family
4,204
Multi-Family
263
Businesses
247
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Listed by: Nicholas Magera • Howard Hanna Horseheads
Mls Name: NYSAMLSs
Mls ID: #R1625984