116 E Green StOleanNY14760
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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 Olean at 116 E Green St, Olean, NY, 14760 offers $1,186/mo rent that, after a $4,405/mo payment. Total monthly income is $1,186/mo. Return on cash invested measures 0.51% in year one, and rental yield stands at 1.58% at a $900,000 entry. Equity gained on principal adds $5,808/yr while 5% annual appreciation compounds into $248,653 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,186/mo property income versus a $4,405/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
2,800 sqft 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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