24 N Edgewood DrSpringvilleNY14141
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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 Springville at 24 N Edgewood Dr, Springville, NY, 14141 uses $82,544 cash to close to unlock $9,479/yr annual cash flow and $790/mo monthly cash flow. Total monthly income runs $2,453/mo, and a $1,219/mo payment keeps the spread at $790/mo. Purchase price stands at $249,000, and rental yield measures 11.82% with $2,453/mo rent. Return on cash invested shows 31.39% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 165.07% and total cumulative return in cash records $136,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,453/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14141, Springville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,531 (100%) |
| Owner Occupied HU | 2,273 (64.4%) |
| Renter Occupied HU | 975 (27.6%) |
| Vacant Housing Units | 283 ( 8.0%) |
| Median Home Value | $269,822 |
| Average Home Value | $393,226 |
Housing Distribution
Address Breakdown
Residential
3,208
Single Family
2,884
Multi-Family
324
Businesses
323
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Listed by: Caitlin H Croft • Iconic Real Estate
Mls Name: NYSAMLSs
Mls ID: #B1639321