16 Plum RdEllicottvilleNY14731
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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 Ellicottville at 16 Plum Rd, Ellicottville, NY, 14731 generates $17,400/mo in rent and, after a $1,957/mo payment, leaves $14,730/mo in cash flow. Total monthly income is $17,400/mo, and annual cash flow is $176,758/yr on $132,567 invested. Return on cash invested sits at 153.24% in year one, and rental yield is 52.21% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 818.48% and total cumulative return in cash sums $1,085,036. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $17,400/mo property income rather than buyer’s personal income.
Condo
Built in 1974
1,768 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
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Listed by: Tiffany Borst • PropertyMatch USA, LLC
Mls Name: NYSAMLSs
Mls ID: #R1639166