8906 Reservoir Hill 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 8906 Reservoir Hill Rd, Hammondsport, NY, 14840 offers a 9.56% rental yield on a $199,000 purchase with $1,585/mo rent. Total monthly income registers $1,585/mo, and a $974/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,073/yr on $65,969 to close, and return on cash invested stands at 24.57% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 128.52% and total cumulative return in cash at $84,786. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,585/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
8.33 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: Charles H. Rybak • Howard Hanna Horseheads
Mls Name: NYSAMLSs
Mls ID: #R1624156