3301 Wallace DrGrand IslandNY14072
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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 Grand Island at 3301 Wallace Dr, Grand Island, NY, 14072 uses $76,212 cash to close to unlock $8,940/yr annual cash flow and $745/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,125/mo payment keeps the spread at $745/mo. Purchase price stands at $229,900, and rental yield measures 11.9% with $2,280/mo rent. Return on cash invested shows 31.64% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 166.45% and total cumulative return in cash records $126,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14072, Grand Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,299 (100%) |
| Owner Occupied HU | 6,952 (74.8%) |
| Renter Occupied HU | 1,903 (20.5%) |
| Vacant Housing Units | 444 ( 4.8%) |
| Median Home Value | $347,929 |
| Average Home Value | $374,130 |
Housing Distribution
Address Breakdown
Residential
9,046
Single Family
8,081
Multi-Family
965
Businesses
513
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Listed by: Geraldine A Andolina • Century 21 North East
Mls Name: NYSAMLSs
Mls ID: #B1653922