179 Slate LnGrand IslandNY14072
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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 Grand Island at 179 Slate Ln, Grand Island, NY, 14072 priced at $399,900 converts $5,581/mo rent into $2,761/mo cash flow after a $1,957/mo obligation. Total monthly income equals $5,581/mo, and annual cash flow totals $33,130/yr on $132,567 invested. Return on cash invested prints 44.9% in year one, and rental yield reads 16.75% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 237.98% and total cumulative return in cash sums $315,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,581/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Condo
Built in 2022
97.90 Acres lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14072, Grand Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,299 (100%) |
| Owner Occupied HU | 6,952 (74.8%) |
| Renter Occupied HU | 1,903 (20.5%) |
| Vacant Housing Units | 444 ( 4.8%) |
| Median Home Value | $347,929 |
| Average Home Value | $374,130 |
Housing Distribution
Address Breakdown
Residential
9,046
Single Family
8,081
Multi-Family
965
Businesses
513
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Listed by: Karrie L Catalano-Bridge • Howard Hanna WNY Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1560590
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