157 N 2nd StAlleganyNY14706
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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 Allegany at 157 N 2nd St, Allegany, NY, 14706 uses $62,952 cash to close to unlock $628/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $929/mo payment keeps the spread at $52/mo. Purchase price stands at $189,900, and rental yield measures 8.34% with $1,320/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 108.89% and total cumulative return in cash records $68,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1910
10,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14706, Allegany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,812 (100%) |
| Owner Occupied HU | 2,007 (71.4%) |
| Renter Occupied HU | 531 (18.9%) |
| Vacant Housing Units | 274 ( 9.7%) |
| Median Home Value | $172,217 |
| Average Home Value | $191,780 |
Housing Distribution
Address Breakdown
Residential
2,552
Single Family
2,506
Multi-Family
46
Businesses
155
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