6029 Lorraine RdForestportNY13338
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
Rental property for sale in Forestport at 6029 Lorraine Rd, Forestport, NY, 13338 offers $1,002/mo rent that, after a $636/mo payment, leaves $134/mo cash flow. Total monthly income is $1,002/mo, and annual cash flow is $1,612/yr on $43,062 cash. Return on cash invested measures 23.65% in year one, and rental yield stands at 9.26% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 123.63% and total cumulative return in cash reaches $53,239. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,002/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13338, Forestport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,530 (100%) |
| Owner Occupied HU | 525 (34.3%) |
| Renter Occupied HU | 53 ( 3.5%) |
| Vacant Housing Units | 952 (62.2%) |
| Median Home Value | $257,051 |
| Average Home Value | $290,062 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
611
Multi-Family
0
Businesses
33
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Nearby investment properties with comparable prices
Listed by: Katarena Lafave • Lawless Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1637251