111 W Main StShortsvilleNY14548
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
Rental property for sale in Shortsville at 111 W Main St, Shortsville, NY, 14548 priced at $199,900 converts $1,566/mo rent into $232/mo cash flow after a $978/mo obligation. Total monthly income equals $1,566/mo, and annual cash flow totals $2,778/yr on $66,267 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 9.4% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 126% and total cumulative return in cash sums $83,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,566/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14548, Shortsville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,408 (75.8%) |
| Renter Occupied HU | 303 (16.3%) |
| Vacant Housing Units | 147 ( 7.9%) |
| Median Home Value | $165,589 |
| Average Home Value | $199,826 |
Housing Distribution
Address Breakdown
Residential
1,519
Single Family
1,519
Multi-Family
0
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Buisch • Your Hometown Realty LLC
Mls Name: NYSAMLSs
Mls ID: #R1645748