447 West AveNewarkNY14513
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 Newark at 447 West Ave, Newark, NY, 14513 offers $2,327/mo rent that, after a $978/mo payment, leaves $993/mo cash flow. Total monthly income is $2,327/mo, and annual cash flow is $11,910/yr on $66,267 cash. Return on cash invested measures 37.88% in year one, and rental yield stands at 13.97% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 199.88% and total cumulative return in cash reaches $132,457. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,327/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14513, Newark, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 3,616 (55.7%) |
| Renter Occupied HU | 2,231 (34.4%) |
| Vacant Housing Units | 646 ( 9.9%) |
| Median Home Value | $153,950 |
| Average Home Value | $200,226 |
Housing Distribution
Address Breakdown
Residential
5,721
Single Family
5,401
Multi-Family
320
Businesses
421
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