2400 Westside DrNorth ChiliNY14514
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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 North Chili at 2400 Westside Dr, North Chili, NY, 14514 uses $80,223 cash to close to unlock $7,457/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $2,237/mo, and a $1,184/mo payment keeps the spread at $621/mo. Purchase price stands at $242,000, and rental yield measures 11.09% with $2,237/mo rent. Return on cash invested shows 29.2% in year one, and 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 153.35% and total cumulative return in cash records $123,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,237/mo property income covering a $1,184/mo payment rather than investor’s personal income.
Multi Family
Built in 1954
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14514, North Chili, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 1,849 (60.1%) |
| Renter Occupied HU | 1,107 (36.0%) |
| Vacant Housing Units | 120 ( 3.9%) |
| Median Home Value | $229,065 |
| Average Home Value | $254,601 |
Housing Distribution
Address Breakdown
Residential
2,879
Single Family
2,491
Multi-Family
388
Businesses
146
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Listed by: Ashley M. Zeiner • RE/MAX Plus
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1620399
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