3663 Luker RdCortlandNY13045
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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 Cortland at 3663 Luker Rd, Cortland, NY, 13045 generates $786/mo in rent and, after a $489/mo payment, leaves $119/mo in cash flow. Total monthly income is $786/mo, and annual cash flow is $1,424/yr on $33,150 invested. Return on cash invested sits at 24.2% in year one, and rental yield is 9.43% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 126.56% and total cumulative return in cash sums $41,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $786/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13045, Cortland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,694 (100%) |
| Owner Occupied HU | 6,164 (48.6%) |
| Renter Occupied HU | 4,871 (38.4%) |
| Vacant Housing Units | 1,659 (13.1%) |
| Median Home Value | $174,845 |
| Average Home Value | $236,162 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
9,631
Multi-Family
1,842
Businesses
1,010
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Listed by: Renee Tallman • Berkshire Hathaway HomeServices Heritage Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1608592
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