66 Groton AveCortlandNY13045
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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 Cortland at 66 Groton Ave, Cortland, NY, 13045 priced at $279,900 converts $2,645/mo rent into $776/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,645/mo, and annual cash flow totals $9,310/yr on $92,787 invested. Return on cash invested prints 29.94% in year one, and rental yield reads 11.34% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 157.29% and total cumulative return in cash sums $145,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,645/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
8,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13045, Cortland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,694 (100%) |
| Owner Occupied HU | 6,164 (48.6%) |
| Renter Occupied HU | 4,871 (38.4%) |
| Vacant Housing Units | 1,659 (13.1%) |
| Median Home Value | $174,845 |
| Average Home Value | $236,162 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
9,631
Multi-Family
1,842
Businesses
1,010
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