23 Parkside LnRochesterNY14612
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 23 Parkside Ln, Rochester, NY, 14612 in Rochester: $2,509/mo in rent, $936/mo net, 11.01% gross yield, all on a $400,000 acquisition. The 1.39 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $110,513 in value, and $3,684/yr in principal paydown steadily builds equity. Projected total cumulative return: $142,090.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $936 | $450 |
City averages based on Rochester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,509 |
| Total Monthly Debt Service | $2,512 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14612, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,161 (100%) |
| Owner Occupied HU | 10,409 (64.4%) |
| Renter Occupied HU | 5,076 (31.4%) |
| Vacant Housing Units | 676 ( 4.2%) |
| Median Home Value | $216,649 |
| Average Home Value | $258,850 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
13,142
Multi-Family
2,656
Businesses
437
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1986
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14612, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,161 (100%) |
| Owner Occupied HU | 10,409 (64.4%) |
| Renter Occupied HU | 5,076 (31.4%) |
| Vacant Housing Units | 676 ( 4.2%) |
| Median Home Value | $216,649 |
| Average Home Value | $258,850 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
13,142
Multi-Family
2,656
Businesses
437
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darlene Maimone • Howard Hanna
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1606172
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