493-495 ODell Lake RoadHobartNY13788
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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
Rental property for sale in Hobart at 493-495 ODell Lake Road, Hobart, NY, 13788 generates $2,400/mo in rent, after a $5,629/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 3.37% in year one, and rental yield is 2.5% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 14.69% and total cumulative return in cash sums $54,753. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
50 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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