64 E Lake RdCohoctonNY14826
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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 Cohocton at 64 E Lake Rd, Cohocton, NY, 14826 offers $1,559/mo rent that, after a $1,860/mo payment. Total monthly income is $1,559/mo. Return on cash invested measures 10.59% in year one, and rental yield stands at 4.92% at a $380,100 entry. Equity gained on principal adds $2,453/yr while 5% annual appreciation compounds into $105,015 by year five. Five-year ROI records 53.52% and total cumulative return in cash reaches $67,436. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,559/mo property income versus a $1,860/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14826, Cohocton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,107 (100%) |
| Owner Occupied HU | 735 (66.4%) |
| Renter Occupied HU | 144 (13.0%) |
| Vacant Housing Units | 228 (20.6%) |
| Median Home Value | $120,964 |
| Average Home Value | $167,844 |
Housing Distribution
Address Breakdown
Residential
845
Single Family
845
Multi-Family
0
Businesses
36
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