2048 Smithcrest DrGowandaNY14070
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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 Gowanda at 2048 Smithcrest Dr, Gowanda, NY, 14070 listed at $259,000 pairs $2,510/mo rent with a $1,268/mo payment to leave $780/mo cash flow. Total monthly income runs $2,510/mo, and annual cash flow reaches $9,361/yr on $85,859 cash to close. Return on cash invested measures 30.81% in year one, and rental yield registers 11.63% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 162.01% and total cumulative return in cash totals $139,096. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,510/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14070, Gowanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,336 (100%) |
| Owner Occupied HU | 1,412 (60.4%) |
| Renter Occupied HU | 603 (25.8%) |
| Vacant Housing Units | 321 (13.7%) |
| Median Home Value | $135,156 |
| Average Home Value | $218,904 |
Housing Distribution
Address Breakdown
Residential
2,151
Single Family
2,097
Multi-Family
54
Businesses
159
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