507 Deer Crossing Rd #4EllicottvilleNY14731
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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
Investment property for sale in Ellicottville at 507 Deer Crossing Rd #4, Ellicottville, NY, 14731 earns from $2,498/mo rent with a $1,953/mo payment. Total monthly income totals $2,498/mo. ROI tracks 18.4% on current figures, and rental yield reads 7.51% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 95.4% and total cumulative return in cash sums $126,182. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,498/mo property income instead of your personal income.
Condo
Built in 1987
749.23 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
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Listed by: Ryan J Mills • Superlative Real Estate, Inc.
Mls Name: NYSAMLSs
Mls ID: #B1652912