16 Cliffside Dr SCanandaiguaNY14424
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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 Canandaigua at 16 Cliffside Dr S, Canandaigua, NY, 14424 with 5% annual appreciation on a $349,900 basis while $1,595/mo rent supports operations. 23% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 5.47%. Five-year ROI measures 62.36% and total cumulative return in cash totals $72,330. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,595/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14424, Canandaigua, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,084 (100%) |
| Owner Occupied HU | 8,272 (54.8%) |
| Renter Occupied HU | 4,612 (30.6%) |
| Vacant Housing Units | 2,200 (14.6%) |
| Median Home Value | $322,166 |
| Average Home Value | $405,626 |
Housing Distribution
Address Breakdown
Residential
13,646
Single Family
11,910
Multi-Family
1,736
Businesses
1,045
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Listed by: Tamara L. Benziger • Caprini Realtors
Mls Name: NYSAMLSs
Mls ID: #R1656763