2323 Five Mile RdAlleganyNY14706
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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 2323 Five Mile Rd, Allegany, NY, 14706 offers a 9.23% rental yield on a $125,000 purchase with $961/mo rent. Total monthly income registers $961/mo, and a $612/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,513/yr on $41,438 to close, and return on cash invested stands at 23.56% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 123.18% and total cumulative return in cash at $51,041. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $961/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.51 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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