555 Monastery RdHancockNY13783
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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 Hancock at 555 Monastery Rd, Hancock, NY, 13783 uses $52,709 cash to close to unlock $2,021/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,230/mo, and a $778/mo payment keeps the spread at $168/mo. Purchase price stands at $159,000, and rental yield measures 9.28% with $1,230/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 124.1% and total cumulative return in cash records $65,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,230/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
37.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13783, Hancock, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 843 (38.4%) |
| Renter Occupied HU | 308 (14.0%) |
| Vacant Housing Units | 1,044 (47.6%) |
| Median Home Value | $188,816 |
| Average Home Value | $283,339 |
Housing Distribution
Address Breakdown
Residential
1,422
Single Family
1,359
Multi-Family
63
Businesses
142
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