29 Park AveGatesNY14606
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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 Gates at 29 Park Ave, Gates, NY, 14606 offers $1,487/mo rent that, after a $954/mo payment, leaves $185/mo cash flow. Total monthly income is $1,487/mo, and annual cash flow is $2,223/yr on $64,643 cash. Return on cash invested measures 23.35% in year one, and rental yield stands at 9.15% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 121.98% and total cumulative return in cash reaches $78,850. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,487/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14606, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,547 (100%) |
| Owner Occupied HU | 6,739 (53.7%) |
| Renter Occupied HU | 5,194 (41.4%) |
| Vacant Housing Units | 614 ( 4.9%) |
| Median Home Value | $161,064 |
| Average Home Value | $189,935 |
Housing Distribution
Address Breakdown
Residential
11,613
Single Family
9,903
Multi-Family
1,710
Businesses
954
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