29 Evans StMayvilleNY14757
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mayville at 29 Evans St, Mayville, NY, 14757 priced at $195,000 converts $1,440/mo rent into $138/mo cash flow after a $954/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $1,659/yr on $64,643 invested. Return on cash invested prints 22.48% in year one, and rental yield reads 8.86% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 117.3% and total cumulative return in cash sums $75,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1830
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14757, Mayville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,207 (100%) |
| Owner Occupied HU | 962 (43.6%) |
| Renter Occupied HU | 318 (14.4%) |
| Vacant Housing Units | 927 (42.0%) |
| Median Home Value | $196,774 |
| Average Home Value | $239,641 |
Housing Distribution
Address Breakdown
Residential
1,643
Single Family
1,528
Multi-Family
115
Businesses
145
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices