124 S 13th 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
Investment property for sale in Olean at 124 S 13th St, Olean, NY, 14760 uses $44,753 cash to close to unlock $2,163/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,082/mo, and a $661/mo payment keeps the spread at $180/mo. Purchase price stands at $135,000, and rental yield measures 9.62% with $1,082/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 129.51% and total cumulative return in cash records $57,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,082/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1910
6,398 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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