1616 Wheatstone DrFarmingtonNY14425
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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 Farmington at 1616 Wheatstone Dr, Farmington, NY, 14425 earns $714/mo cash flow from $2,316/mo rent with a $1,174/mo payment. Total monthly income totals $2,316/mo, and annual cash flow totals $8,570/yr on $79,527 capital. ROI tracks 30.69% on current figures, and rental yield reads 11.58% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 161.33% and total cumulative return in cash sums $128,299. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,316/mo property income instead of your personal income.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14425, Farmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,813 (100%) |
| Owner Occupied HU | 3,773 (64.9%) |
| Renter Occupied HU | 1,732 (29.8%) |
| Vacant Housing Units | 308 ( 5.3%) |
| Median Home Value | $234,313 |
| Average Home Value | $260,187 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,228
Multi-Family
501
Businesses
205
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Listed by: Shaemar Cherew-Gordon • Keller Williams Realty Greater Rochester
Mls Name: NYSAMLSs
Mls ID: #R1660097