59779 St. Hwy 10HobartNY13788
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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 Hobart at 59779 St. Hwy 10, Hobart, NY, 13788 uses $89,174 cash to close to unlock $7,791/yr annual cash flow and $649/mo monthly cash flow. Total monthly income runs $2,446/mo, and a $1,317/mo payment keeps the spread at $649/mo. Purchase price stands at $269,000, and rental yield measures 10.91% with $2,446/mo rent. Return on cash invested shows 28.65% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 150.38% and total cumulative return in cash records $134,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,446/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
9.80 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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Listed by: Melissa Zoe Hirsch • Coldwell Banker Village Green
Mls Name: UCBR
Mls Provider:
Mls ID: #20244647
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