5101 Foster RdCortlandNY13045
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 Cortland at 5101 Foster Rd, Cortland, NY, 13045 offers a 15.08% rental yield on a $289,100 purchase with $3,634/mo rent. Total monthly income registers $3,634/mo, and a $1,415/mo payment leaves $1,703/mo available for distribution. Annual cash flow reaches $20,441/yr on $95,837 to close, and return on cash invested stands at 41.24% in year one. Equity gained on principal adds $1,866/yr while 5% annual appreciation supports $79,873 over five years. Portfolio math shows five-year ROI at 217.88% and total cumulative return in cash at $208,810. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,634/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1967
11.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13045, Cortland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,694 (100%) |
| Owner Occupied HU | 6,164 (48.6%) |
| Renter Occupied HU | 4,871 (38.4%) |
| Vacant Housing Units | 1,659 (13.1%) |
| Median Home Value | $174,845 |
| Average Home Value | $236,162 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
9,631
Multi-Family
1,842
Businesses
1,010
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices