2602-2604 New RdRansomvilleNY14131
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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 Ransomville at 2602-2604 New Rd, Ransomville, NY, 14131 uses $96,102 cash to close to unlock $11,328/yr annual cash flow and $944/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,419/mo payment keeps the spread at $944/mo. Purchase price stands at $289,900, and rental yield measures 11.92% with $2,880/mo rent. Return on cash invested shows 31.7% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 166.74% and total cumulative return in cash records $160,245. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Multi Family
Built in 1958
10,031 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14131, Ransomville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,460 (100%) |
| Owner Occupied HU | 1,932 (78.5%) |
| Renter Occupied HU | 319 (13.0%) |
| Vacant Housing Units | 209 ( 8.5%) |
| Median Home Value | $263,514 |
| Average Home Value | $315,903 |
Housing Distribution
Address Breakdown
Residential
2,054
Single Family
1,849
Multi-Family
205
Businesses
67
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Listed by: Louis J Faery • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1634448