3400 Big Ridge RdSpencerportNY14559
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 Spencerport at 3400 Big Ridge Rd, Spencerport, NY, 14559 generates $3,016/mo in rent, after a $2,540/mo payment. Total monthly income is $3,016/mo. Return on cash invested sits at 16.9% in year one, and rental yield is 6.97% on a $519,000 entry. Equity gained on principal adds $3,349/yr, while 5% annual appreciation builds toward $143,390 over five years. Five-year ROI reaches 87.34% and total cumulative return in cash sums $149,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,016/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
6.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14559, Spencerport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,327 (100%) |
| Owner Occupied HU | 5,435 (74.2%) |
| Renter Occupied HU | 1,643 (22.4%) |
| Vacant Housing Units | 249 ( 3.4%) |
| Median Home Value | $284,742 |
| Average Home Value | $316,000 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,993
Multi-Family
280
Businesses
432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Soo M. Kim • RE/MAX Plus
Mls Name: NYSAMLSs
Mls ID: #R1623305