3870 County Route 61AndoverNY14806
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
Investment property for sale in Andover at 3870 County Route 61, Andover, NY, 14806 offers a 8.71% rental yield on a $147,090 purchase with $1,068/mo rent. Total monthly income registers $1,068/mo, and a $720/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,028/yr on $48,760 to close, and return on cash invested stands at 22.02% in year one. Equity gained on principal adds $949/yr while 5% annual appreciation supports $40,638 over five years. Portfolio math shows five-year ROI at 114.82% and total cumulative return in cash at $55,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,068/mo property income against a $720/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1886
43.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14806, Andover, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 656 (64.0%) |
| Renter Occupied HU | 137 (13.4%) |
| Vacant Housing Units | 232 (22.6%) |
| Median Home Value | $107,667 |
| Average Home Value | $154,196 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
548
Multi-Family
9
Businesses
44
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