448 Otsego StIlionNY13357
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 Ilion at 448 Otsego St, Ilion, NY, 13357 uses $82,842 cash to close to unlock $9,736/yr annual cash flow and $811/mo monthly cash flow. Total monthly income runs $2,480/mo, and a $1,223/mo payment keeps the spread at $811/mo. Purchase price stands at $249,900, and rental yield measures 11.91% with $2,480/mo rent. Return on cash invested shows 31.66% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 166.56% and total cumulative return in cash records $137,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,480/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1975
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13357, Ilion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 2,921 (60.8%) |
| Renter Occupied HU | 1,440 (30.0%) |
| Vacant Housing Units | 444 ( 9.2%) |
| Median Home Value | $120,659 |
| Average Home Value | $156,291 |
Housing Distribution
Address Breakdown
Residential
4,465
Single Family
4,180
Multi-Family
285
Businesses
183
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices