Real Estate Investing in Bovina Center, New York (13740)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13740 (Bovina Center, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 46.1% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 31.7 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bovina Center, NY (13740)?
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Market Analysis: 13740 Bovina Center
This part of Delaware County is not an easy win. The 13740 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 13740 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 13740 sits on the difficult end of the NY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 13740 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Bovina Center's stable or hybrid ZIPs before stepping into 13740. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bovina Center:
Market Trends
Home Value History (with trend line)
📊 How Does 13740 Compare?
| Metric | 13740 | Bovina Center | New York |
|---|---|---|---|
| Home Value | $407,285 | $407,285 | $505,608 |
| 5-Year CAGR | 2.0% | 2.0% | 6.6% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13740 (Bovina Center, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $407,285 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 31.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13740
Population: 607
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are rental rates like in Bovina Center, NY?
Rents in Bovina Center, NY run near $1,071/mo. Compared with median home prices of $407K that produces solid gross yields for typical rentals.
What investment strategy works best in Bovina Center, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Bovina Center, NY. With home values at $407K and rents near $1,071/mo, other strategies can work but produce even-keeled rather than outsized returns.
What is the investability score for Bovina Center, NY?
With a 2.0/5 investability score, Bovina Center, NY ranks as a solid market for rental property investors. Median prices of $407K and rents of $1,071/mo drive the underlying numbers.
Is Bovina Center, NY suited for a house hack?
House hacking works a challenging in Bovina Center, NY. Rents of $1,071/mo against $407K acquisition make the strategy solid for owner-occupants.
Is Bovina Center, NY landlord-friendly?
Landlord-friendliness in Bovina Center, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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