111 Algonquin DriveWellsNY12190
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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
Total monthly income runs $1,596/mo, and a $1,223/mo payment. Purchase price stands at $249,900, and rental yield measures 7.66% with $1,596/mo rent. Return on cash invested shows 18.86% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 97.88% and total cumulative return in cash records $81,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12190, Wells, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 821 (100%) |
| Owner Occupied HU | 300 (36.5%) |
| Renter Occupied HU | 34 ( 4.1%) |
| Vacant Housing Units | 487 (59.3%) |
| Median Home Value | $280,952 |
| Average Home Value | $300,408 |
Housing Distribution
Address Breakdown
Residential
21
Single Family
21
Multi-Family
0
Businesses
27
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