29 S Main StAlfredNY14802
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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 Alfred at 29 S Main St, Alfred, NY, 14802 priced at $179,900 pairs $1,572/mo rent with $370/mo cash flow after a $881/mo payment. Total monthly income equals $1,572/mo, and annual cash flow comes to $4,442/yr on $59,637 invested. Return on cash invested is 27.36% in year one, and rental yield stands at 10.49% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 143.5% and total cumulative return in cash reaches $85,581. For financing, Ziffy Mortgage’s DSCR program evaluates $1,572/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14802, Alfred, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 515 (100%) |
| Owner Occupied HU | 226 (43.9%) |
| Renter Occupied HU | 145 (28.2%) |
| Vacant Housing Units | 144 (28.0%) |
| Median Home Value | $159,884 |
| Average Home Value | $190,830 |
Housing Distribution
Address Breakdown
Residential
528
Single Family
440
Multi-Family
88
Businesses
65
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