68 Erwin StPainted PostNY14870
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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 Painted Post at 68 Erwin St, Painted Post, NY, 14870 priced at $134,900 pairs $1,083/mo rent with $182/mo cash flow after a $660/mo payment. Total monthly income equals $1,083/mo, and annual cash flow comes to $2,189/yr on $44,719 invested. Return on cash invested is 24.8% in year one, and rental yield stands at 9.63% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 129.81% and total cumulative return in cash reaches $58,049. For financing, Ziffy Mortgage’s DSCR program evaluates $1,083/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
8,611 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14870, Painted Post, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,868 (63.3%) |
| Renter Occupied HU | 1,264 (27.9%) |
| Vacant Housing Units | 400 ( 8.8%) |
| Median Home Value | $220,128 |
| Average Home Value | $236,334 |
Housing Distribution
Address Breakdown
Residential
4,467
Single Family
4,204
Multi-Family
263
Businesses
247
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Listed by: Erin Hughson • Signature Properties Corning
Mls Name: NYSAMLSs
Mls ID: #R1648400