9 Church StCortlandNY13045
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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 9 Church St, Cortland, NY, 13045 priced at $250,000 pairs $1,679/mo rent with $9/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,679/mo, and annual cash flow comes to $110/yr on $82,875 invested. Return on cash invested is 20.04% in year one, and rental yield stands at 8.06% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 104.27% and total cumulative return in cash reaches $86,410. For financing, Ziffy Mortgage’s DSCR program evaluates $1,679/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1865
9,252 sqft 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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