114 Phelps RdHoneoye fallsNY14472
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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 Honeoye falls at 114 Phelps Rd, Honeoye falls, NY, 14472 priced at $284,900 pairs $1,954/mo rent with $52/mo cash flow after a $1,394/mo payment. Total monthly income equals $1,954/mo, and annual cash flow comes to $623/yr on $94,444 invested. Return on cash invested is 20.57% in year one, and rental yield stands at 8.23% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 107% and total cumulative return in cash reaches $101,051. For financing, Ziffy Mortgage’s DSCR program evaluates $1,954/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14472, Honeoye Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,697 (100%) |
| Owner Occupied HU | 2,790 (75.5%) |
| Renter Occupied HU | 716 (19.4%) |
| Vacant Housing Units | 191 ( 5.2%) |
| Median Home Value | $374,542 |
| Average Home Value | $397,798 |
Housing Distribution
Address Breakdown
Residential
3,593
Single Family
3,248
Multi-Family
345
Businesses
216
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Listed by: Elaine L. Flaherty • Liberty & Lotus Properties
Mls Name: NYSAMLSs
Mls ID: #R1641369