1004 Edgewater DrWestfieldNY14787
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
Investment Highlights
Investment property for sale in Westfield at 1004 Edgewater Dr, Westfield, NY, 14787 offers a 7.04% rental yield on a $179,000 purchase with $1,050/mo rent. 97% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 87.75% and total cumulative return in cash at $52,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,050/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14787, Westfield, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,608 (100%) |
| Owner Occupied HU | 1,550 (59.4%) |
| Renter Occupied HU | 527 (20.2%) |
| Vacant Housing Units | 531 (20.4%) |
| Median Home Value | $158,824 |
| Average Home Value | $193,263 |
Housing Distribution
Address Breakdown
Residential
2,234
Single Family
2,182
Multi-Family
52
Businesses
226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices