3 Cliffside DrCanandaiguaNY14424
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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 Canandaigua at 3 Cliffside Dr, Canandaigua, NY, 14424 with 5% annual appreciation on a $359,900 basis while $2,912/mo rent supports operations. Total monthly income totals $2,912/mo and a $1,762/mo payment preserves $508/mo for cash returns. Annual cash flow comes to $6,098/yr on $119,307 deployed, and return on cash invested reaches 25.02% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 9.71%. Five-year ROI measures 130.93% and total cumulative return in cash totals $156,206.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,912/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1971
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14424, Canandaigua, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,084 (100%) |
| Owner Occupied HU | 8,272 (54.8%) |
| Renter Occupied HU | 4,612 (30.6%) |
| Vacant Housing Units | 2,200 (14.6%) |
| Median Home Value | $322,166 |
| Average Home Value | $405,626 |
Housing Distribution
Address Breakdown
Residential
13,646
Single Family
11,910
Multi-Family
1,736
Businesses
1,045
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Listed by: Jeremy V. Havens • Elysian Homes by Mark Siwiec and Associates
Mls Name: NYSAMLSs
Mls ID: #R1627310