42 Mechanic StGowandaNY14070
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 Gowanda at 42 Mechanic St, Gowanda, NY, 14070 at $155,000 posts ROI 32.11% with $523/mo cash flow from $1,558/mo rent. Total monthly income equals $1,558/mo, and annual cash flow records $6,271/yr on $51,383 to close. Return on cash invested measures 32.11% and rental yield reads 12.06% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 168.98% and total cumulative return in cash totals $86,824.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,558/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1890
8,620 sqft 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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Nearby investment properties with comparable prices
Listed by: Alicia Wittman • WNY Metro Roberts Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1599755
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