31 Houghton StFredoniaNY14063
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 Fredonia at 31 Houghton St, Fredonia, NY, 14063 offers $1,868/mo rent that, after a $666/mo payment, leaves $959/mo cash flow. Total monthly income is $1,868/mo, and annual cash flow is $11,514/yr on $45,084 cash. Return on cash invested measures 45.45% in year one, and rental yield stands at 16.48% at a $136,000 entry. Equity gained on principal adds $878/yr while 5% annual appreciation compounds into $37,574 by year five. Five-year ROI records 240.49% and total cumulative return in cash reaches $108,422. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,868/mo property income versus a $666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14063, Fredonia, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,945 (100%) |
| Owner Occupied HU | 3,146 (52.9%) |
| Renter Occupied HU | 1,837 (30.9%) |
| Vacant Housing Units | 962 (16.2%) |
| Median Home Value | $208,679 |
| Average Home Value | $260,037 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,816
Multi-Family
251
Businesses
407
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