50 Cleveland AveFredoniaNY14063
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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 Fredonia at 50 Cleveland Ave, Fredonia, NY, 14063 priced at $148,400 converts $1,650/mo rent into $659/mo cash flow after a $726/mo obligation. Total monthly income equals $1,650/mo, and annual cash flow totals $7,912/yr on $49,195 invested. Return on cash invested prints 35.99% in year one, and rental yield reads 13.34% against a $148,400 entry. Equity gained on principal adds $958/yr, while 5% annual appreciation compiles into $41,000 by year five. Five-year ROI reaches 189.79% and total cumulative return in cash sums $93,368. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,650/mo property income covering a $726/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14063, Fredonia, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,945 (100%) |
| Owner Occupied HU | 3,146 (52.9%) |
| Renter Occupied HU | 1,837 (30.9%) |
| Vacant Housing Units | 962 (16.2%) |
| Median Home Value | $208,679 |
| Average Home Value | $260,037 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,816
Multi-Family
251
Businesses
407
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Listed by: Karen Shaw • Northern Chautauqua Realty, Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1570452
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