222 E Main StAlleganyNY14706
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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 Allegany at 222 E Main St, Allegany, NY, 14706 with 5% annual appreciation on a $139,000 basis while $1,320/mo rent supports operations. Total monthly income totals $1,320/mo and a $680/mo payment preserves $392/mo for cash returns. Annual cash flow comes to $4,705/yr on $46,079 deployed, and return on cash invested reaches 30.12% in year one. Equity gained on principal adds $897/yr, and five-year appreciation sums $38,403 alongside rental yield of 11.4%. Five-year ROI measures 158.36% and total cumulative return in cash totals $72,968.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,320/mo property income versus a $680/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14706, Allegany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,812 (100%) |
| Owner Occupied HU | 2,007 (71.4%) |
| Renter Occupied HU | 531 (18.9%) |
| Vacant Housing Units | 274 ( 9.7%) |
| Median Home Value | $172,217 |
| Average Home Value | $191,780 |
Housing Distribution
Address Breakdown
Residential
2,552
Single Family
2,506
Multi-Family
46
Businesses
155
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