38 McCormick Ln #BU35E5BrockportNY14420
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 Brockport at 38 McCormick Ln #BU35E5, Brockport, NY, 14420 offers $2,885/mo rent that, after a $2,204/mo payment. Total monthly income is $2,885/mo. Return on cash invested measures 17.16% in year one, and rental yield stands at 7.69% at a $450,400 entry. Equity gained on principal adds $2,906/yr while 5% annual appreciation compounds into $124,437 by year five. Five-year ROI records 89.37% and total cumulative return in cash reaches $133,439. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,885/mo property income versus a $2,204/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14420, Brockport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,948 (100%) |
| Owner Occupied HU | 4,899 (54.7%) |
| Renter Occupied HU | 3,214 (35.9%) |
| Vacant Housing Units | 835 ( 9.3%) |
| Median Home Value | $230,897 |
| Average Home Value | $272,313 |
Housing Distribution
Address Breakdown
Residential
7,898
Single Family
6,940
Multi-Family
958
Businesses
449
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