141 Shellridge DrEast AmherstNY14051
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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 East Amherst at 141 Shellridge Dr, East Amherst, NY, 14051 offers $3,236/mo rent that, after a $2,153/mo payment, leaves $299/mo cash flow. Total monthly income is $3,236/mo, and annual cash flow is $3,582/yr on $145,827 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 8.83% at a $439,900 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,536 by year five. Five-year ROI records 116.66% and total cumulative return in cash reaches $170,115. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,236/mo property income versus a $2,153/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
9,252 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14051, East Amherst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,596 (100%) |
| Owner Occupied HU | 6,814 (79.3%) |
| Renter Occupied HU | 1,453 (16.9%) |
| Vacant Housing Units | 329 ( 3.8%) |
| Median Home Value | $394,038 |
| Average Home Value | $427,004 |
Housing Distribution
Address Breakdown
Residential
8,434
Single Family
7,958
Multi-Family
476
Businesses
505
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Listed by: James J Conley • MJ Peterson Real Estate Inc.
Mls Name: NYSAMLSs
Mls ID: #B1656585