56 Saint Michaels PlSouth KortrightNY13842
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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 South Kortright at 56 Saint Michaels Pl, South Kortright, NY, 13842 with 5% annual appreciation on a $466,250 basis while $816/mo rent supports operations. 07% in year one. Equity gained on principal adds $3,009/yr, and five-year appreciation sums $128,816 alongside rental yield of 2.1%. Five-year ROI measures 7.84% and total cumulative return in cash totals $12,116. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $816/mo property income versus a $2,282/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1982
6.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13842, South Kortright, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 235 (100%) |
| Owner Occupied HU | 84 (35.7%) |
| Renter Occupied HU | 21 ( 8.9%) |
| Vacant Housing Units | 130 (55.3%) |
| Median Home Value | $263,636 |
| Average Home Value | $269,613 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
9
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Listed by: James Arrufat • Frank Lumia Real Estate Plus!, LLC
Mls Name: NYSAMLSs
Mls ID: #R1613858