3535 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 3535 Wallace Dr, Grand Island, NY, 14072 earns $404/mo cash flow from $1,899/mo rent with a $1,096/mo payment. Total monthly income totals $1,899/mo, and annual cash flow totals $4,842/yr on $74,256 capital. ROI tracks 26.43% on current figures, and rental yield reads 10.17% at a $224,000 purchase. Equity gained on principal adds $1,445/yr, and 5% annual appreciation supports $61,887 over five years. Five-year ROI reaches 138.45% and total cumulative return in cash sums $102,811. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,899/mo property income instead of your personal income.
Single Family
Built in 1954
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: Cory Hill • Danahy Real Estate
Mls Name: NYSAMLSs
Mls ID: #B1652433