24 Reddick LnRochesterNY14624
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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 Rochester at 24 Reddick Ln, Rochester, NY, 14624 uses $95,804 cash to close to unlock $823/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $1,999/mo, and a $1,415/mo payment keeps the spread at $69/mo. Purchase price stands at $289,000, and rental yield measures 8.3% with $1,999/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 108.1% and total cumulative return in cash records $103,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,999/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14624, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,283 (100%) |
| Owner Occupied HU | 12,040 (73.9%) |
| Renter Occupied HU | 3,673 (22.6%) |
| Vacant Housing Units | 570 ( 3.5%) |
| Median Home Value | $205,908 |
| Average Home Value | $256,496 |
Housing Distribution
Address Breakdown
Residential
15,722
Single Family
14,374
Multi-Family
1,348
Businesses
1,480
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