1117 Old Rock City RdOleanNY14760
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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
Investment property for sale in Olean at 1117 Old Rock City Rd, Olean, NY, 14760 uses $77,869 cash to close to unlock $2,329/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,763/mo, and a $1,150/mo payment keeps the spread at $194/mo. Purchase price stands at $234,900, and rental yield measures 9.01% with $1,763/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 119.6% and total cumulative return in cash records $93,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,763/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14760, Olean, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,296 (100%) |
| Owner Occupied HU | 4,817 (51.8%) |
| Renter Occupied HU | 3,298 (35.5%) |
| Vacant Housing Units | 1,181 (12.7%) |
| Median Home Value | $121,239 |
| Average Home Value | $185,667 |
Housing Distribution
Address Breakdown
Residential
8,257
Single Family
7,626
Multi-Family
631
Businesses
869
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