1605 Gemini DrOleanNY14760
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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 Olean at 1605 Gemini Dr, Olean, NY, 14760 uses $96,102 cash to close to unlock $7,164/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $2,533/mo, and a $1,419/mo payment keeps the spread at $597/mo. Purchase price stands at $289,900, and rental yield measures 10.48% with $2,533/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 143.51% and total cumulative return in cash records $137,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,533/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14760, Olean, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,296 (100%) |
| Owner Occupied HU | 4,817 (51.8%) |
| Renter Occupied HU | 3,298 (35.5%) |
| Vacant Housing Units | 1,181 (12.7%) |
| Median Home Value | $121,239 |
| Average Home Value | $185,667 |
Housing Distribution
Address Breakdown
Residential
8,257
Single Family
7,626
Multi-Family
631
Businesses
869
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