15 Root AveChautauquaNY14722
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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 Chautauqua at 15 Root Ave, Chautauqua, NY, 14722 priced at $285,000 converts $1,217/mo rent into after a $1,395/mo obligation. Total monthly income equals $1,217/mo. Return on cash invested prints 11.19% in year one, and rental yield reads 5.12% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 56.76% and total cumulative return in cash sums $53,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,217/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Condo
Built in 1970
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14722, Chautauqua, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,203 (100%) |
| Owner Occupied HU | 90 ( 7.5%) |
| Renter Occupied HU | 14 ( 1.2%) |
| Vacant Housing Units | 1,099 (91.4%) |
| Median Home Value | $815,574 |
| Average Home Value | $756,111 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
65
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Listed by: Cynthia Rosenbloom • ERA Team VP Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1632484