Farrington Hollow RdCherry creekNY14723
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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 Cherry creek at Farrington Hollow Rd, Cherry creek, NY, 14723 priced at $759,900 converts $2,022/mo rent into after a $3,719/mo obligation. Total monthly income equals $2,022/mo. Return on cash invested prints 5.41% in year one, and rental yield reads 3.19% against a $759,900 entry. Equity gained on principal adds $4,904/yr, while 5% annual appreciation compiles into $209,946 by year five. Five-year ROI reaches 25.7% and total cumulative return in cash sums $64,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,022/mo property income covering a $3,719/mo payment, not borrower’s personal income.
Single Family
Built in N/A
252 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14723, Cherry Creek, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 370 (61.6%) |
| Renter Occupied HU | 98 (16.3%) |
| Vacant Housing Units | 133 (22.1%) |
| Median Home Value | $153,750 |
| Average Home Value | $156,277 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
35
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Listed by: Paul Vaicunas • WHITETAIL PROPERTIES REAL ESTATE LLC (NY)
Mls Name: NY State MLS
Mls ID: #11211276