695 County Highway 28HancockNY13774
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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 Hancock at 695 County Highway 28, Hancock, NY, 13774 generates $2,244/mo in rent and, after a $582/mo payment, leaves $1,450/mo in cash flow. Total monthly income is $2,244/mo, and annual cash flow is $17,397/yr on $39,449 invested. Return on cash invested sits at 64.01% in year one, and rental yield is 22.63% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 340.01% and total cumulative return in cash sums $134,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,244/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13774, Fishs Eddy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 112 (100%) |
| Owner Occupied HU | 48 (42.9%) |
| Renter Occupied HU | 13 (11.6%) |
| Vacant Housing Units | 51 (45.5%) |
| Median Home Value | $380,000 |
| Average Home Value | $424,792 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
4
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