24 Prospect StAddisonNY14801
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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
Rental property for sale in Addison at 24 Prospect St, Addison, NY, 14801 priced at $184,500 pairs $1,200/mo rent with after a $903/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 19.28% in year one, and rental yield stands at 7.8% on a $184,500 basis. Equity gained on principal adds $1,191/yr, and 5% annual appreciation accumulates to $50,974 by year five. Five-year ROI measures 100.08% and total cumulative return in cash reaches $61,214. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $903/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14801, Addison, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,333 (100%) |
| Owner Occupied HU | 1,525 (65.4%) |
| Renter Occupied HU | 432 (18.5%) |
| Vacant Housing Units | 376 (16.1%) |
| Median Home Value | $156,389 |
| Average Home Value | $186,321 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,149
Multi-Family
45
Businesses
125
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