389 Main StHobartNY13788
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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 Hobart at 389 Main St, Hobart, NY, 13788 listed at $235,000 pairs $0/mo rent with a $1,150/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.26% in year one, and rental yield registers 0% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
1.09 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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No similar rental properties found nearby.
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Listed by: Stacey M. Frazier ABR • Keller Williams Upstate NY Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1557861
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