134 Griffin RdWellsNY12190
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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 Wells at 134 Griffin Rd, Wells, NY, 12190 priced at $389,900 converts $2,267/mo rent into after a $1,908/mo obligation. Total monthly income equals $2,267/mo. Return on cash invested prints 16.79% in year one, and rental yield reads 6.98% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 86.72% and total cumulative return in cash sums $112,093. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,267/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12190, Wells, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 821 (100%) |
| Owner Occupied HU | 300 (36.5%) |
| Renter Occupied HU | 34 ( 4.1%) |
| Vacant Housing Units | 487 (59.3%) |
| Median Home Value | $280,952 |
| Average Home Value | $300,408 |
Housing Distribution
Address Breakdown
Residential
21
Single Family
21
Multi-Family
0
Businesses
27
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