16 Kemp DrMacedonNY14502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Macedon at 16 Kemp Dr, Macedon, NY, 14502 priced at $335,000 converts $2,908/mo rent into $671/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,908/mo, and annual cash flow totals $8,047/yr on $111,053 invested. Return on cash invested prints 27.16% in year one, and rental yield reads 10.42% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 142.35% and total cumulative return in cash sums $158,084. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,908/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14502, Macedon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,842 (100%) |
| Owner Occupied HU | 3,608 (74.5%) |
| Renter Occupied HU | 962 (19.9%) |
| Vacant Housing Units | 272 ( 5.6%) |
| Median Home Value | $246,134 |
| Average Home Value | $251,621 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,182
Multi-Family
215
Businesses
340
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Listed by: John M. Denniston • Hunt Real Estate ERA/Columbus
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1599550
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