245 N Main StGenevaNY14456
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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 Geneva at 245 N Main St, Geneva, NY, 14456 offers $1,691/mo rent that, after a $734/mo payment, leaves $690/mo cash flow. Total monthly income is $1,691/mo, and annual cash flow is $8,274/yr on $49,725 cash. Return on cash invested measures 36.55% in year one, and rental yield stands at 13.53% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 192.74% and total cumulative return in cash reaches $95,838. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,691/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1883
3,959 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14456, Geneva, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,085 (100%) |
| Owner Occupied HU | 4,720 (52.0%) |
| Renter Occupied HU | 3,346 (36.8%) |
| Vacant Housing Units | 1,019 (11.2%) |
| Median Home Value | $194,127 |
| Average Home Value | $286,439 |
Housing Distribution
Address Breakdown
Residential
8,137
Single Family
6,987
Multi-Family
1,150
Businesses
868
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