2 Four Wheel DrEllicottvilleNY14731
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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 Ellicottville at 2 Four Wheel Dr, Ellicottville, NY, 14731 generates $3,271/mo in rent, after a $4,821/mo payment. Total monthly income is $3,271/mo. Return on cash invested sits at 7.51% in year one, and rental yield is 3.98% on a $985,000 entry. Equity gained on principal adds $6,356/yr, while 5% annual appreciation builds toward $272,137 over five years. Five-year ROI reaches 37.07% and total cumulative return in cash sums $120,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,271/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.26 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
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Listed by: Caitlin H Croft • Iconic Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1570260
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