3630 Edgewood DrGowandaNY14070
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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 Gowanda at 3630 Edgewood Dr, Gowanda, NY, 14070 uses $91,129 cash to close to unlock $8,169/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $2,516/mo, and a $1,346/mo payment keeps the spread at $681/mo. Purchase price stands at $274,900, and rental yield measures 10.98% with $2,516/mo rent. Return on cash invested shows 28.87% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 151.56% and total cumulative return in cash records $138,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,516/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14070, Gowanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,336 (100%) |
| Owner Occupied HU | 1,412 (60.4%) |
| Renter Occupied HU | 603 (25.8%) |
| Vacant Housing Units | 321 (13.7%) |
| Median Home Value | $135,156 |
| Average Home Value | $218,904 |
Housing Distribution
Address Breakdown
Residential
2,151
Single Family
2,097
Multi-Family
54
Businesses
159
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