248 S Main StWarsawNY14569
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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 Warsaw at 248 S Main St, Warsaw, NY, 14569 priced at $259,900 converts $1,489/mo rent into after a $1,272/mo obligation. Total monthly income equals $1,489/mo. Return on cash invested prints 16.48% in year one, and rental yield reads 6.87% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 85.1% and total cumulative return in cash sums $73,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,489/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14569, Warsaw, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,957 (100%) |
| Owner Occupied HU | 1,709 (57.8%) |
| Renter Occupied HU | 951 (32.2%) |
| Vacant Housing Units | 297 (10.0%) |
| Median Home Value | $158,715 |
| Average Home Value | $190,105 |
Housing Distribution
Address Breakdown
Residential
2,795
Single Family
2,415
Multi-Family
380
Businesses
370
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