5174 Brake Hill RdHomerNY13077
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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 Homer at 5174 Brake Hill Rd, Homer, NY, 13077 generates $1,500/mo in rent, after a $2,007/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 8.98% in year one, and rental yield is 4.39% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 44.85% and total cumulative return in cash sums $60,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13077, Homer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 2,050 (67.6%) |
| Renter Occupied HU | 621 (20.5%) |
| Vacant Housing Units | 361 (11.9%) |
| Median Home Value | $184,349 |
| Average Home Value | $277,991 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,606
Multi-Family
112
Businesses
184
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