1807 Spafford RdPhelpsNY14532
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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 Phelps at 1807 Spafford Rd, Phelps, NY, 14532 uses $56,355 cash to close to unlock $2,002/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,302/mo, and a $832/mo payment keeps the spread at $167/mo. Purchase price stands at $170,000, and rental yield measures 9.19% with $1,302/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 122.56% and total cumulative return in cash records $69,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,302/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1880
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14532, Phelps, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,905 (100%) |
| Owner Occupied HU | 1,366 (71.7%) |
| Renter Occupied HU | 408 (21.4%) |
| Vacant Housing Units | 131 ( 6.9%) |
| Median Home Value | $193,750 |
| Average Home Value | $244,118 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,708
Multi-Family
82
Businesses
124
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