37 McMurdy Brook RdHobartNY13788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hobart at 37 McMurdy Brook Rd, Hobart, NY, 13788 offers $1,273/mo rent that, after a $808/mo payment, leaves $171/mo cash flow. Total monthly income is $1,273/mo, and annual cash flow is $2,049/yr on $54,698 cash. Return on cash invested measures 23.66% in year one, and rental yield stands at 9.26% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 123.6% and total cumulative return in cash reaches $67,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,273/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13788, Hobart, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 726 (100%) |
| Owner Occupied HU | 330 (45.5%) |
| Renter Occupied HU | 106 (14.6%) |
| Vacant Housing Units | 290 (39.9%) |
| Median Home Value | $300,000 |
| Average Home Value | $353,614 |
Housing Distribution
Address Breakdown
Residential
347
Single Family
347
Multi-Family
0
Businesses
30
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