38 White StSpringvilleNY14141
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
Investment property for sale in Springville at 38 White St, Springville, NY, 14141 listed at $224,000 pairs $900/mo rent with a $1,096/mo payment. Total monthly income runs $900/mo. Return on cash invested measures 10.29% in year one, and rental yield registers 4.82% at a $224,000 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,887 by year five. Five-year ROI tracks 51.9% and total cumulative return in cash totals $38,539. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14141, Springville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,531 (100%) |
| Owner Occupied HU | 2,273 (64.4%) |
| Renter Occupied HU | 975 (27.6%) |
| Vacant Housing Units | 283 ( 8.0%) |
| Median Home Value | $269,822 |
| Average Home Value | $393,226 |
Housing Distribution
Address Breakdown
Residential
3,208
Single Family
2,884
Multi-Family
324
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Timothy P Frank Esq • 22 West Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1567148
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2024-11-12 12:35:37 PST. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.