3 Curtiss AveHammondsportNY14840
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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 Hammondsport at 3 Curtiss Ave, Hammondsport, NY, 14840 offers $2,105/mo rent that, after a $940/mo payment, leaves $823/mo cash flow. Total monthly income is $2,105/mo, and annual cash flow is $9,871/yr on $63,648 cash. Return on cash invested measures 35.42% in year one, and rental yield stands at 13.16% at a $192,000 entry. Equity gained on principal adds $1,239/yr while 5% annual appreciation compounds into $53,046 by year five. Five-year ROI records 186.7% and total cumulative return in cash reaches $118,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,105/mo property income versus a $940/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14840, Hammondsport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,897 (100%) |
| Owner Occupied HU | 1,129 (39.0%) |
| Renter Occupied HU | 240 ( 8.3%) |
| Vacant Housing Units | 1,528 (52.7%) |
| Median Home Value | $326,471 |
| Average Home Value | $395,569 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,743
Multi-Family
21
Businesses
114
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Listed by: Graydon D. Locey • Howard Hanna Horseheads
Mls Name: ECMLS
Mls Provider:
Mls ID: #278133
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.