301 Mill Creek 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 301 Mill Creek Rd, Otego, NY, 13825 with 5% annual appreciation on a $100,000 basis while $757/mo rent supports operations. Total monthly income totals $757/mo and a $489/mo payment preserves $90/mo for cash returns. Annual cash flow comes to $1,076/yr on $33,150 deployed, and return on cash invested reaches 23.15% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.08%. Five-year ROI measures 120.92% and total cumulative return in cash totals $40,084.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $757/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
2.45 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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