0 Gillies Hill RdCanaseragaNY14822
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 0 Gillies Hill Rd, Canaseraga, NY, 14822 in Canaseraga the bet is firmly on appreciation. Rental yield 4.82%. The 4.82% gross yield on a $499,900 price is below income-first thresholds, but 5%/yr value growth projects $138,113 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.89) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $105,078.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.2% |
| Monthly Cash Flow | $(1,329) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,009 |
| Total Monthly Debt Service | $3,139 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
165.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14822, Canaseraga, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 570 (100%) |
| Owner Occupied HU | 366 (64.2%) |
| Renter Occupied HU | 62 (10.9%) |
| Vacant Housing Units | 142 (24.9%) |
| Median Home Value | $122,222 |
| Average Home Value | $166,250 |
Housing Distribution
Address Breakdown
Residential
354
Single Family
354
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2001
165.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14822, Canaseraga, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 570 (100%) |
| Owner Occupied HU | 366 (64.2%) |
| Renter Occupied HU | 62 (10.9%) |
| Vacant Housing Units | 142 (24.9%) |
| Median Home Value | $122,222 |
| Average Home Value | $166,250 |
Housing Distribution
Address Breakdown
Residential
354
Single Family
354
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices