471 Longwell AveBig FlatsNY14814
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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
Rental property for sale in Big Flats at 471 Longwell Ave, Big Flats, NY, 14814 generates $1,920/mo in rent and, after a $969/mo payment, leaves $598/mo in cash flow. Total monthly income is $1,920/mo, and annual cash flow is $7,177/yr on $65,604 invested. Return on cash invested sits at 30.85% in year one, and rental yield is 11.64% on a $197,900 entry. Equity gained on principal adds $1,277/yr, while 5% annual appreciation builds toward $54,676 over five years. Five-year ROI reaches 162.22% and total cumulative return in cash sums $106,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14814, Big Flats, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 814 (100%) |
| Owner Occupied HU | 620 (76.2%) |
| Renter Occupied HU | 139 (17.1%) |
| Vacant Housing Units | 55 ( 6.8%) |
| Median Home Value | $226,277 |
| Average Home Value | $267,149 |
Housing Distribution
Address Breakdown
Residential
787
Single Family
787
Multi-Family
0
Businesses
150
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Listed by: Keith C. Gustin • Howard Hanna Elmira
Mls Name: ECMLS
Mls Provider:
Mls ID: #274590
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.