3542 Morgan Hollow RdAlleganyNY14706
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 Allegany at 3542 Morgan Hollow Rd, Allegany, NY, 14706 priced at $287,000 converts $2,140/mo rent into $223/mo cash flow after a $1,405/mo obligation. Total monthly income equals $2,140/mo, and annual cash flow totals $2,678/yr on $95,141 invested. Return on cash invested prints 22.72% in year one, and rental yield reads 8.95% against a $287,000 entry. Equity gained on principal adds $1,852/yr, while 5% annual appreciation compiles into $79,293 by year five. Five-year ROI reaches 118.62% and total cumulative return in cash sums $112,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,140/mo property income covering a $1,405/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14706, Allegany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,812 (100%) |
| Owner Occupied HU | 2,007 (71.4%) |
| Renter Occupied HU | 531 (18.9%) |
| Vacant Housing Units | 274 ( 9.7%) |
| Median Home Value | $172,217 |
| Average Home Value | $191,780 |
Housing Distribution
Address Breakdown
Residential
2,552
Single Family
2,506
Multi-Family
46
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices