232 5th AveOleanNY14760
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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
Investment Highlights
Rental property for sale in Olean at 232 5th Ave, Olean, NY, 14760 priced at $164,900 converts $1,409/mo rent into $308/mo cash flow after a $807/mo obligation. Total monthly income equals $1,409/mo, and annual cash flow totals $3,695/yr on $54,664 invested. Return on cash invested prints 26.67% in year one, and rental yield reads 10.25% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 139.71% and total cumulative return in cash sums $76,372. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,409/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1945
6,351 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14760, Olean, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,296 (100%) |
| Owner Occupied HU | 4,817 (51.8%) |
| Renter Occupied HU | 3,298 (35.5%) |
| Vacant Housing Units | 1,181 (12.7%) |
| Median Home Value | $121,239 |
| Average Home Value | $185,667 |
Housing Distribution
Address Breakdown
Residential
8,257
Single Family
7,626
Multi-Family
631
Businesses
869
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Listed by: Claudia Attard-Keary • Premier Listings Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1568651
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