29 Platt AveLe RoyNY14482
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 Le Roy at 29 Platt Ave, Le Roy, NY, 14482 priced at $173,000 converts $2,018/mo rent into $862/mo cash flow after a $847/mo obligation. Total monthly income equals $2,018/mo, and annual cash flow totals $10,350/yr on $57,350 invested. Return on cash invested prints 37.96% in year one, and rental yield reads 14% against a $173,000 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation compiles into $47,797 by year five. Five-year ROI reaches 200.31% and total cumulative return in cash sums $114,879. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,018/mo property income covering a $847/mo payment, not borrower’s personal income.
Single Family
Built in 1955
7,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14482, Le Roy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,022 (100%) |
| Owner Occupied HU | 2,508 (62.4%) |
| Renter Occupied HU | 1,250 (31.1%) |
| Vacant Housing Units | 264 ( 6.6%) |
| Median Home Value | $183,624 |
| Average Home Value | $218,565 |
Housing Distribution
Address Breakdown
Residential
3,597
Single Family
3,258
Multi-Family
339
Businesses
239
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Listed by: Nancy M. Crocker • Empire Realty Group
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1630474
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