85 Bartlett AveCortlandNY13045
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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 Cortland at 85 Bartlett Ave, Cortland, NY, 13045 offers $4,342/mo rent that, after a $710/mo payment, leaves $3,373/mo cash flow. Total monthly income is $4,342/mo, and annual cash flow is $40,481/yr on $48,067 cash. Return on cash invested measures 104.13% in year one, and rental yield stands at 35.93% at a $144,999 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 555.16% and total cumulative return in cash reaches $266,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,342/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1880
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13045, Cortland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,694 (100%) |
| Owner Occupied HU | 6,164 (48.6%) |
| Renter Occupied HU | 4,871 (38.4%) |
| Vacant Housing Units | 1,659 (13.1%) |
| Median Home Value | $174,845 |
| Average Home Value | $236,162 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
9,631
Multi-Family
1,842
Businesses
1,010
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Listed by: Matthew J. Horne • Wine Country Real Estate of NY
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1568679
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