29 Elm Ln UNIT 24ChautauquaNY14722
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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 Chautauqua at 29 Elm Ln UNIT 24, Chautauqua, NY, 14722 listed at $455,000 pairs $0/mo rent with a $2,227/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -7.18% in year one, and rental yield registers 0% at a $455,000 basis. Equity gained on principal adds $2,936/yr, and annual property appreciation at 5% supports $125,708 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,227/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
479.16 sqft lot
$N/A/sqft
$1,100 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14722, Chautauqua, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,203 (100%) |
| Owner Occupied HU | 90 ( 7.5%) |
| Renter Occupied HU | 14 ( 1.2%) |
| Vacant Housing Units | 1,099 (91.4%) |
| Median Home Value | $815,574 |
| Average Home Value | $756,111 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
65
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No similar rental properties found nearby.
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Listed by: Margaret Lieber • Real Estate Advantage
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1618587
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