338 Frenchs Bay RdTullyNY13159
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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 Tully at 338 Frenchs Bay Rd, Tully, NY, 13159 priced at $460,000 converts $3,979/mo rent into $899/mo cash flow after a $2,251/mo obligation. Total monthly income equals $3,979/mo, and annual cash flow totals $10,784/yr on $152,490 invested. Return on cash invested prints 26.98% in year one, and rental yield reads 10.38% against a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,090 by year five. Five-year ROI reaches 141.43% and total cumulative return in cash sums $215,665. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,979/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Single Family
Built in 1989
1.50 Acres lot
$N/A/sqft
$9 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13159, Tully, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,396 (100%) |
| Owner Occupied HU | 1,735 (72.4%) |
| Renter Occupied HU | 411 (17.2%) |
| Vacant Housing Units | 250 (10.4%) |
| Median Home Value | $280,474 |
| Average Home Value | $342,831 |
Housing Distribution
Address Breakdown
Residential
1,990
Single Family
1,876
Multi-Family
114
Businesses
148
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