3685 County Road 16Montour FallsNY14865
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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 Montour Falls at 3685 County Road 16, Montour Falls, NY, 14865 offers a 7.51% rental yield on a $229,000 purchase with $1,434/mo rent. 4% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 95.42% and total cumulative return in cash at $72,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,434/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1980
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14865, Montour Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,248 (100%) |
| Owner Occupied HU | 732 (58.7%) |
| Renter Occupied HU | 366 (29.3%) |
| Vacant Housing Units | 150 (12.0%) |
| Median Home Value | $155,172 |
| Average Home Value | $199,279 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
854
Multi-Family
68
Businesses
117
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Listed by: Jeremy Drake • Signature Properties
Mls Name: NYSAMLSs
Mls ID: #R1656236