1609 Forest AveJamestownNY14701
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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 Jamestown at 1609 Forest Ave, Jamestown, NY, 14701 priced at $389,900 converts $1,200/mo rent into after a $1,908/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 6.88% in year one, and rental yield reads 3.69% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 33.61% and total cumulative return in cash sums $43,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1972
3.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14701, Jamestown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,245 (100%) |
| Owner Occupied HU | 9,270 (48.2%) |
| Renter Occupied HU | 7,532 (39.1%) |
| Vacant Housing Units | 2,443 (12.7%) |
| Median Home Value | $116,171 |
| Average Home Value | $172,681 |
Housing Distribution
Address Breakdown
Residential
16,600
Single Family
15,235
Multi-Family
1,365
Businesses
1,189
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Listed by: Kelsey Laury • Century 21 Turner Brokers
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1564241
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