8491 County Route 87HammondsportNY14840
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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 8491 County Route 87, Hammondsport, NY, 14840 uses $82,875 cash to close to unlock $5,162/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,224/mo payment keeps the spread at $430/mo. Purchase price stands at $250,000, and rental yield measures 10.08% with $2,100/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 136.95% and total cumulative return in cash records $113,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1926
3.30 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: Leah M. Butler • Keuka Lake & Land Realty Bath
Mls Name: NYSAMLSs
Mls ID: #R1652377