243 Griffin RdWellsNY12190
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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 Wells at 243 Griffin Rd, Wells, NY, 12190 priced at $173,400 pairs $1,727/mo rent with $569/mo cash flow after a $849/mo payment. Total monthly income equals $1,727/mo, and annual cash flow comes to $6,825/yr on $57,482 invested. Return on cash invested is 31.78% in year one, and rental yield stands at 11.95% on a $173,400 basis. Equity gained on principal adds $1,119/yr, and 5% annual appreciation accumulates to $47,907 by year five. Five-year ROI measures 167.17% and total cumulative return in cash reaches $96,093. For financing, Ziffy Mortgage’s DSCR program evaluates $1,727/mo property income against a $849/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12190, Wells, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 821 (100%) |
| Owner Occupied HU | 300 (36.5%) |
| Renter Occupied HU | 34 ( 4.1%) |
| Vacant Housing Units | 487 (59.3%) |
| Median Home Value | $280,952 |
| Average Home Value | $300,408 |
Housing Distribution
Address Breakdown
Residential
21
Single Family
21
Multi-Family
0
Businesses
27
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