2724 Mitchell RdJamestownNY14701
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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 Jamestown at 2724 Mitchell Rd, Jamestown, NY, 14701 uses $82,842 cash to close to unlock $10,444/yr annual cash flow and $870/mo monthly cash flow. Total monthly income runs $2,539/mo, and a $1,223/mo payment keeps the spread at $870/mo. Purchase price stands at $249,900, and rental yield measures 12.19% with $2,539/mo rent. Return on cash invested shows 32.52% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 171.13% and total cumulative return in cash records $141,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,539/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14701, Jamestown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,245 (100%) |
| Owner Occupied HU | 9,270 (48.2%) |
| Renter Occupied HU | 7,532 (39.1%) |
| Vacant Housing Units | 2,443 (12.7%) |
| Median Home Value | $116,171 |
| Average Home Value | $172,681 |
Housing Distribution
Address Breakdown
Residential
16,600
Single Family
15,235
Multi-Family
1,365
Businesses
1,189
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