8 Knollwood DrFreevilleNY13068
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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 Freeville at 8 Knollwood Dr, Freeville, NY, 13068 priced at $129,000 converts $969/mo rent into $108/mo cash flow after a $631/mo obligation. Total monthly income equals $969/mo, and annual cash flow totals $1,295/yr on $42,764 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 9.01% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 119.71% and total cumulative return in cash sums $51,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $969/mo property income covering a $631/mo payment, not borrower’s personal income.
Manufactured
Built in 1994
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13068, Freeville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,574 (100%) |
| Owner Occupied HU | 1,636 (63.6%) |
| Renter Occupied HU | 741 (28.8%) |
| Vacant Housing Units | 197 ( 7.7%) |
| Median Home Value | $270,044 |
| Average Home Value | $339,982 |
Housing Distribution
Address Breakdown
Residential
2,247
Single Family
2,173
Multi-Family
74
Businesses
68
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