104 Merrick AveManchesterNY14504
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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 Manchester at 104 Merrick Ave, Manchester, NY, 14504 priced at $159,000 converts $2,216/mo rent into $1,154/mo cash flow after a $778/mo obligation. Total monthly income equals $2,216/mo, and annual cash flow totals $13,853/yr on $52,709 invested. Return on cash invested prints 46.19% in year one, and rental yield reads 16.72% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 244.49% and total cumulative return in cash sums $128,868. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,216/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,145 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14504, Manchester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 834 (100%) |
| Owner Occupied HU | 583 (69.9%) |
| Renter Occupied HU | 194 (23.3%) |
| Vacant Housing Units | 57 ( 6.8%) |
| Median Home Value | $109,743 |
| Average Home Value | $126,587 |
Housing Distribution
Address Breakdown
Residential
710
Single Family
507
Multi-Family
203
Businesses
39
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Listed by: N/A • N/A
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