24 Ridge Meadows DrSpencerportNY14559
Nearby investment properties with comparable rents
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
Investment property for sale in Spencerport at 24 Ridge Meadows Dr, Spencerport, NY, 14559 at $214,900 posts ROI 35.67% with $936/mo cash flow from $2,371/mo rent. Total monthly income equals $2,371/mo, and annual cash flow records $11,229/yr on $71,239 to close. Return on cash invested measures 35.67% and rental yield reads 13.24% at the current $214,900. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 by year five. Five-year ROI prints 188.03% and total cumulative return in cash totals $133,950.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,371/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14559, Spencerport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,327 (100%) |
| Owner Occupied HU | 5,435 (74.2%) |
| Renter Occupied HU | 1,643 (22.4%) |
| Vacant Housing Units | 249 ( 3.4%) |
| Median Home Value | $284,742 |
| Average Home Value | $316,000 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,993
Multi-Family
280
Businesses
432
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Listed by: Lorraine K. Kane • Keller Williams Realty Greater Rochester
Mls Name: NYSAMLSs
Mls ID: #R1653942