16 Willets AveBelmontNY14813
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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 Belmont at 16 Willets Ave, Belmont, NY, 14813 generates $1,787/mo in rent and, after a $1,248/mo payment, leaves $84/mo in cash flow. Total monthly income is $1,787/mo, and annual cash flow is $1,011/yr on $84,533 invested. Return on cash invested sits at 21.1% in year one, and rental yield is 8.41% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 109.94% and total cumulative return in cash sums $92,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,787/mo property income rather than buyer’s personal income.
Single Family
Built in 1853
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14813, Belmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 698 (53.0%) |
| Renter Occupied HU | 305 (23.1%) |
| Vacant Housing Units | 315 (23.9%) |
| Median Home Value | $109,766 |
| Average Home Value | $152,020 |
Housing Distribution
Address Breakdown
Residential
1,022
Single Family
980
Multi-Family
42
Businesses
121
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