786 State Route 8 RdHoffmeisterNY13353
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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 Hoffmeister at 786 State Route 8 Rd, Hoffmeister, NY, 13353 priced at $114,999 converts $906/mo rent into $138/mo cash flow after a $563/mo obligation. Total monthly income equals $906/mo, and annual cash flow totals $1,655/yr on $38,122 invested. Return on cash invested prints 24.25% in year one, and rental yield reads 9.45% against a $114,999 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 126.78% and total cumulative return in cash sums $48,333. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $906/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13353, Hoffmeister, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 308 (100%) |
| Owner Occupied HU | 52 (16.9%) |
| Renter Occupied HU | 7 ( 2.3%) |
| Vacant Housing Units | 249 (80.8%) |
| Median Home Value | $300,000 |
| Average Home Value | $317,452 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
5
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Listed by: Nicholas Divisconte • Signature Premier Properties
Mls Name: NY State MLS
Mls ID: #11494909