38 Main StCherry ValleyNY13320
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 Cherry Valley at 38 Main St, Cherry Valley, NY, 13320 priced at $229,000 converts $2,208/mo rent into $679/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,208/mo, and annual cash flow totals $8,143/yr on $75,914 invested. Return on cash invested prints 30.64% in year one, and rental yield reads 11.57% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 161.02% and total cumulative return in cash sums $122,237. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,208/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1830
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13320, Cherry Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,094 (100%) |
| Owner Occupied HU | 675 (61.7%) |
| Renter Occupied HU | 125 (11.4%) |
| Vacant Housing Units | 294 (26.9%) |
| Median Home Value | $262,342 |
| Average Home Value | $330,133 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
723
Multi-Family
0
Businesses
68
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Nearby investment properties with comparable prices
Listed by: Patricia Bensen-ashley • ASHLEY CONNOR REALTY
Mls Name: NY State MLS
Mls ID: #11600912