6905 Cold Brook RdHomerNY13077
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
Investment property for sale in Homer at 6905 Cold Brook Rd, Homer, NY, 13077 at $239,000 posts ROI 42.99% with $1,524/mo cash flow from $3,120/mo rent. Total monthly income equals $3,120/mo, and annual cash flow records $18,285/yr on $79,229 to close. Return on cash invested measures 42.99% and rental yield reads 15.67% at the current $239,000. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 by year five. Five-year ROI prints 227.24% and total cumulative return in cash totals $180,036.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,120/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13077, Homer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 2,050 (67.6%) |
| Renter Occupied HU | 621 (20.5%) |
| Vacant Housing Units | 361 (11.9%) |
| Median Home Value | $184,349 |
| Average Home Value | $277,991 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,606
Multi-Family
112
Businesses
184
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Listed by: Pamela Williams • Yaman Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1578226
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