8423 Germania RdHammondsportNY14840
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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 Hammondsport at 8423 Germania Rd, Hammondsport, NY, 14840 offers a 10.02% rental yield on a $334,000 purchase with $2,788/mo rent. Total monthly income registers $2,788/mo, and a $1,635/mo payment leaves $557/mo available for distribution. Annual cash flow reaches $6,688/yr on $110,721 to close, and return on cash invested stands at 25.95% in year one. Equity gained on principal adds $2,155/yr while 5% annual appreciation supports $92,278 over five years. Portfolio math shows five-year ROI at 135.9% and total cumulative return in cash at $150,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,788/mo property income against a $1,635/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14840, Hammondsport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,897 (100%) |
| Owner Occupied HU | 1,129 (39.0%) |
| Renter Occupied HU | 240 ( 8.3%) |
| Vacant Housing Units | 1,528 (52.7%) |
| Median Home Value | $326,471 |
| Average Home Value | $395,569 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,743
Multi-Family
21
Businesses
114
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Listed by: Luanne Palme • Four Seasons Sotheby's Int'l
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1564086
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