74 W Chenango RdCastle CreekNY13744
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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
Investment property for sale in Castle Creek at 74 W Chenango Rd, Castle Creek, NY, 13744 listed at $309,000 pairs $2,472/mo rent with a $1,512/mo payment to leave $409/mo cash flow. Total monthly income runs $2,472/mo, and annual cash flow reaches $4,907/yr on $102,434 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.6% at a $309,000 basis. Equity gained on principal adds $1,994/yr, and annual property appreciation at 5% supports $85,371 by year five. Five-year ROI tracks 129.17% and total cumulative return in cash totals $132,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,472/mo property income relative to a $1,512/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13744, Castle Creek, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 478 (100%) |
| Owner Occupied HU | 335 (70.1%) |
| Renter Occupied HU | 68 (14.2%) |
| Vacant Housing Units | 75 (15.7%) |
| Median Home Value | $177,016 |
| Average Home Value | $233,209 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
413
Multi-Family
1
Businesses
4
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Listed by: Alexis A Leonard • REALTY SOLUTIONS GROUP
Mls Name: GBMLS
Mls Provider:
Mls ID: #331435
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.