196 West AveCanandaiguaNY14424
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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 Canandaigua at 196 West Ave, Canandaigua, NY, 14424 generates $1,740/mo in rent and, after a $1,236/mo payment, leaves $54/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $645/yr on $83,704 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 8.27% on a $252,500 entry. Equity gained on principal adds $1,629/yr, while 5% annual appreciation builds toward $69,761 over five years. Five-year ROI reaches 107.63% and total cumulative return in cash sums $90,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
8,546 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14424, Canandaigua, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,084 (100%) |
| Owner Occupied HU | 8,272 (54.8%) |
| Renter Occupied HU | 4,612 (30.6%) |
| Vacant Housing Units | 2,200 (14.6%) |
| Median Home Value | $322,166 |
| Average Home Value | $405,626 |
Housing Distribution
Address Breakdown
Residential
13,646
Single Family
11,910
Multi-Family
1,736
Businesses
1,045
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Listed by: Tom Neary • McMillan & Welch Real Estate A
Mls Name: NYSAMLSs
Mls ID: #R1647300