L16.1 Betty Brook RoadSouth KortrightNY13842
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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 South Kortright at L16.1 Betty Brook Road, South Kortright, NY, 13842 priced at $122,000 converts $2,339/mo rent into $1,524/mo cash flow after a $597/mo obligation. Total monthly income equals $2,339/mo, and annual cash flow totals $18,293/yr on $40,443 invested. Return on cash invested prints 65.14% in year one, and rental yield reads 23.01% against a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation compiles into $33,706 by year five. Five-year ROI reaches 346.11% and total cumulative return in cash sums $139,979. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,339/mo property income covering a $597/mo payment, not borrower’s personal income.
Lot
Built in N/A
31.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13842, South Kortright, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 235 (100%) |
| Owner Occupied HU | 84 (35.7%) |
| Renter Occupied HU | 21 ( 8.9%) |
| Vacant Housing Units | 130 (55.3%) |
| Median Home Value | $263,636 |
| Average Home Value | $269,613 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
9
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Listed by: Linda V Kiesow • Country Boy Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202418393
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker