3081 State Highway 268HancockNY13783
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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 Hancock at 3081 State Highway 268, Hancock, NY, 13783 generates $858/mo in rent and, after a $514/mo payment, leaves $157/mo in cash flow. Total monthly income is $858/mo, and annual cash flow is $1,881/yr on $34,808 invested. Return on cash invested sits at 25.31% in year one, and rental yield is 9.81% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 132.49% and total cumulative return in cash sums $46,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $858/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13783, Hancock, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 843 (38.4%) |
| Renter Occupied HU | 308 (14.0%) |
| Vacant Housing Units | 1,044 (47.6%) |
| Median Home Value | $188,816 |
| Average Home Value | $283,339 |
Housing Distribution
Address Breakdown
Residential
1,422
Single Family
1,359
Multi-Family
63
Businesses
142
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Listed by: Rosemary Akartuna • Keller Williams Upstate NY Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1571143
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